Terex to acquire ESG
Acquisition of Environmental Solutions Group strengthens Terex’s position in North American waste-recycling market
TEREX have signed an agreement to acquire Environmental Solutions Group (ESG) from Dover Corporation for $2 billion, establishing a leading foothold in the North American waste-recycling market.
ESG are a leading supplier of refuse collection vehicles, waste compaction machinery, and balers, as well as related aftermarket equipment and digital offerings.
Terex say the acquisition will expand the company’s client base and provide customers with a broader suite of environmental equipment solutions, with a focus on a sustainable circular economy.
‘This acquisition announcement of ESG marks an incredibly exciting milestone in our multi-year transformation and aligns with our goal of strengthening our portfolio and leveraging our operating system to drive sustainable, accelerated long-term growth,’ said Simon Meester, Terex president and chief executive officer.
‘ESG will add a non-cyclical, financially accretive, and market-leading business to Terex's portfolio with tangible synergies in the fast-growing waste and recycling end market. In addition, ESG is led by a world-class management team and has a strong track record of operational excellence.’
