Terex Corporation and REV Group have completed their merger as of 2 February 2026, uniting two established US specialised machinery manufacturers into a single large-scale competitor. The consolidated entity strengthens its market position in both North American and European segments, including Terex's established operations in the UK. The combination consolidates manufacturing capabilities, product portfolios, and distribution networks across heavy equipment, aerial work platforms, and material handling systems. Industry observers expect the merged group to recalibrate competitive dynamics in the compact and mid-range machinery segments where both firms held substantial market share.