Terex Sells Midwest Automotive Designs to Alliance RV After REV Merger, Narrows RV Portfolio

Terex narrows recreational vehicle portfolio after REV Group merger

Norwalk, Conn., Feb. 11, 2026 — Terex Corporation announces the sale of Midwest Automotive Designs to Alliance RV as part of its post‑merger integration with REV Group, refocusing the combined specialty equipment platform. Midwest, which operated in REV’s Recreational Vehicles segment, transitions to Alliance RV ownership as Terex streamlines offerings to concentrate on high‑demand end markets. The company frames the divestiture as a portfolio optimisation move that follows the completion of the REV merger and is intended to sharpen management attention and capital deployment across core product lines.

The move is consistent with Terex’s strategy to prioritise resilient sectors such as emergency services, waste and recycling, utilities and construction, where demand for specialised vehicles and equipment remains strong. Terex continues to design and manufacture fire and ambulance apparatus, waste collection vehicles, materials processing machinery, mobile elevating work platforms and equipment for the electric utility industry. Management says narrowing exposure to the recreational vehicle niche lets the combined business accelerate investment in those specialty markets and in technology that supports lifecycle value for customers.

Operationally, Terex intends to leverage its global manufacturing footprint and its dealer, parts and service network across the United States, Europe, India and the Asia Pacific to support customers after the carve‑out. The company highlights digital lifecycle solutions as a means to enhance uptime, parts availability and total cost of ownership for fleet operators in emergency services and utilities, signalling a focus on aftermarket support as a competitive differentiator. Terex characterises the sale as a means to deliver “best‑in‑class” support and to maximise customer return on investment while completing the integration of REV Group operations.

Dividend and capital allocation

Separately, Terex’s board declares a quarterly dividend of $0.17 per share payable March 19, 2026 to shareholders of record at the close of business on March 6, 2026. The company frames the payout as part of a balanced approach to returning capital while maintaining investment in operations, innovation and its service network.

Further information and contacts

Terex reiterates its global scope in specialised equipment and directs inquiries to Derek Everitt, Vice President, Investor Relations, and to its corporate website, www.terex.com, for additional details on the transaction and ongoing integration activities.