Terex Corporation has finalized its acquisition of Environmental Solutions Group (ESG) from Dover Corporation in a deal valued at $2 billion, or approximately $1.725 billion after accounting for tax benefits. This strategic move is expected to bolster Terex’s presence in the waste and recycling sector.
Following the acquisition, Terex anticipates that North America will account for 67% of its total revenue, a notable increase from the previous 61% reported in the last 12 months as of Q2 2024.
ESG, known for manufacturing refuse collection vehicles and waste compaction equipment while also offering digital solutions, is set to enhance Terex’s existing business operations.
Terex CEO Simon Meester commented, “ESG is a non-cyclical, financially accretive, market-leading business that will complement and strengthen Terex’s portfolio with synergies in the fast-growing waste and recycling end market.”
Patrick Carroll, who has successfully led ESG for the past 14 years, will remain in his role as President of the division.
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