What is the Genie business worth and what type of buyer could it attract?

Terex has announced that it will sell or spin off its Genie aerials business, as it moves further into the waste processing and utility vehicles market amid a merger with REV Group.

The formal process to exit aerials started on 30 October, at the same time as Terex unveiled its Q3 financial highlights. Overall revenue climbed to US$1.4 billion, up from $1.2 billion in the same period a year before.