Terex Advances with ESG Acquisition After HSR Approval
Environmental Solutions Group
Highlights
Terex has cleared the biggest hurdle in the acquisition of Environmental Solutions Group.
ESG is part of Dover Corporation and provides solid waste and recycling solutions.
Terex Corporation has received the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) Act clearance for the acquisition of Environmental Solutions Group (ESG) from Dover Corporation.
ESG, based in Chattanooga, TN, is a leading provider of refuse collection vehicles, compactors, balers and related aftermarket equipment. They also offer digital solutions, including onboard vehicle safety systems, route management, predictive maintenance and customer relationship management software. In 2023, ESG reported $750 million in revenue.
In July 2024, Dover agreed to sell its Environmental Solutions Group Business Unit to Terex Corporation.
With the HSR Act waiting period now over, Terex is one step closer to closing. The company expects to complete the deal later this year, subject to other non-regulatory conditions.
ESG’s portfolio includes brands such as Heil, Marathon and 3rd Eye, which offer environmentally friendly products and services to meet customer needs and provide top-notch support.
ESG will add to Terex’s offerings in environmental solutions. Terex has a history of developing equipment for renewable energy and materials recovery, which aligns with ESG’s eco-friendly products.
Investors and industry watchers are waiting to see how Terex will integrate ESG into the business. The deal will expand Terex’s presence in the environmental solutions market, but the financial impact will be clearer once the deal is done and the integration is underway.
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Source: Terex
