NORWALK,
Conn., Sept. 10, 2024 /PRNewswire/ -- Terex
Corporation (NYSE:TEX) today announced the expiration of the
waiting period under the Hart-Scott-Rodino Antitrust Improvements
Act of 1976 ("HSR Act"), as amended, in connection with its
previously announced acquisition of Environmental Solutions Group
(ESG) from Dover Corporation. On July 22,
2024, Terex and Dover announced a definitive agreement for
Terex to acquire ESG. Terex expects the agreement to close later
this year, subject to the satisfaction of customary non-regulatory
closing conditions.
Forward-Looking Statements
Certain information in this press release includes
forward-looking statements (within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934 and the Private Securities Litigation Reform Act of
1995) regarding future events or Terex's future financial
performance that involve certain contingencies and uncertainties,
including those discussed in the Company's Annual Report on Form
10-K for the year ended December 31,
2023, and subsequent reports the Company files with the U.S.
Securities and Exchange Commission from time to time, in the
sections entitled "Management's Discussion and Analysis of
Financial Condition and Results of Operations – Contingencies and
Uncertainties." In addition, when included in this press
release, the words "may," "expects," "should," "intends,"
"anticipates," "believes," "plans," "projects," "estimates," "will"
and the negatives thereof and analogous or similar expressions are
intended to identify forward-looking statements. However, the
absence of these words does not mean that the statement is not
forward-looking. The Company has based these forward-looking
statements on current expectations and projections about future
events. These statements are not guarantees of future performance.
Such statements are inherently subject to a variety of risks and
uncertainties that could cause actual results to differ materially
from those reflected in such forward-looking statements.
Actual events or the actual future results of Terex may
differ materially from any forward-looking statement due to these
and other risks, uncertainties and material factors. The
forward-looking statements speak only as of the date of this
release. Terex expressly disclaims any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statement included in this release to reflect any changes in
expectations with regard thereto or any changes in events,
conditions, or circumstances on which any such statement is
based.
About Terex
Terex is a global manufacturer of
materials processing machinery and aerial work platforms. We
design, build and support products used in maintenance,
manufacturing, energy, recycling, minerals and materials
management, and construction applications. Certain Terex products
and solutions enable customers to reduce their impact on the
environment 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 to parts and service support. We report our
business in the following segments: (i) Materials Processing and
(ii) Aerial Work Platforms. For more information about Terex, visit
www.terex.com.
About ESG:
Environmental Solutions Group ("ESG")
encompasses industry-leading brands, such as Heil, Marathon, 3rd
Eye, Soft-Pak, Parts Central, Currotto-Can, and Bayne Thinline to
create a premier, fully integrated equipment group serving the
solid waste and recycling industry. Through extensive
voice-of-customer outreach, in-house engineering and manufacturing
capabilities, a wide-reaching service network, and proven industry
expertise, ESG is focused on solving customer problems through
environmentally responsible products and providing world-class
support.
Media Contact:
Derek Everitt
VP & Head of Investor Relations
derek.everitt@terex.com
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SOURCE Terex Corporation