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Terex Corporation completes acquisition of Environmental Solutions Group from Dover Corporation

PUBLIC · TEXOct 08, 2024

Acquiring Company

Terex

Acquired Company

Environmental Solutions Group

NorwalkManufacturingManufacturing

Description

Terex Corporation has successfully completed the acquisition of Environmental Solutions Group (ESG) from Dover Corporation for a purchase price of $2.0 billion. The acquisition is expected to reduce cyclicality, deliver financial accretion, and enhance Terex's presence in the waste & recycling segment while expanding its North American addressable market. The transaction is anticipated to drive increased revenue growth, free cash flow, earnings before interest, taxes, depreciation, and amortization (EBITDA) margin, and EPS accretion.

Quick answer

Terex is acquiring Environmental Solutions Group, announced October 8, 2024. Terex is based in Norwalk, Connecticut, United States.

How much did Terex pay for Environmental Solutions Group?
The deal value was not disclosed.
What does Terex do?
Terex Corporation is a global manufacturer of materials processing machinery and aerial work platforms.
Where are Terex and Environmental Solutions Group based?
Terex is based in Norwalk, Connecticut, United States.
Who are the decision-makers at Terex?
Fundz holds 5 contacts at Terex. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Manufacturing and Manufacturing

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Company Information

Company

Terex

Location

301 Merritt 7

Norwalk, Connecticut, United States

About

Terex Corporation is a global manufacturer of materials processing machinery and aerial work platforms. We design, build and support products used in construction, maintenance, manufacturing, energy, recycling, minerals and materials management applications. Certain Terex products and solutions enable customers to reduce their environmental impact including electric and hybrid offerings that deliver quiet and emission-free performance, products that support renewable energy, and products that aid in the recovery of useful materials from various types of waste. Our products are manufactured in North America, Europe, Australia and Asia and sold worldwide. We engage with customers through all stages of the product life cycle, from initial specification and financing to parts and service support.

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Frequently asked

Who acquired Environmental Solutions Group?

Environmental Solutions Group was acquired by Terex, based in Norwalk. The deal was reported on October 8, 2024. Terex Corporation is a global manufacturer of materials processing machinery and aerial work platforms. Terex is publicly traded (TEX) and operates in Manufacturing.

When did Terex acquire Environmental Solutions Group?

Terex's acquisition of Environmental Solutions Group was reported on October 8, 2024. Terex Corporation has successfully completed the acquisition of Environmental Solutions Group (ESG) from Dover Corporation for a purchase price of $2.0 billion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Environmental Solutions Group do?

Environmental Solutions Group (ESG), formerly operated as a part of Dover Corporation, is a leading provider of refuse collection vehicles, waste compaction equipment, and associated parts and digital solutions. It is privately held, operating in Manufacturing.

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