PR Newswire
DOWNERS GROVE, Ill., July 22, 2024 /PRNewswire/ -- Dover (NYSE: DOV) today announced that it has entered into a definitive agreement to sell its Environmental Solutions Group business ("ESG"), which is part of Dover's Engineered Products segment, to Terex Corporation (NYSE: TEX) for $2 billion on a cash- and debt-free basis, subject to customary post-closing adjustments.
Based in Chattanooga, TN, ESG is a leading provider of refuse collection vehicles, compactors, and balers, as well as related aftermarket equipment and digital offerings, including onboard vehicle safety systems, route management, predictive maintenance, and customer relationship management software. ESG generated approximately $750 million of revenue in 2023.
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