Yanmar is buying Terex Compact Germany machines

Yanmar Holdings has completed its acquisition of Terex Compact Germany in a deal worth US$60 million. This business makes small to medium sized construction machinery in Europe formerly owned by Terex Corporation. This acquisition includes the Terex Corporation businesses carrying out the production and sale of wheel loaders, excavators and wheeled excavators, as well as the production, sales and development facilities in Crailsheim Germany and parts distribution centre in Rothenburg Germany. This acqui
October 4, 2016 Read time: 2 mins
7139 Yanmar Holdings has completed its acquisition of 1222 Terex Compact Germany in a deal worth US$60 million. This business makes small to medium sized construction machinery in Europe formerly owned by Terex Corporation. This acquisition includes the Terex Corporation businesses carrying out the production and sale of wheel loaders, excavators and wheeled excavators, as well as the production, sales and development facilities in Crailsheim Germany and parts distribution centre in Rothenburg Germany.

This acquisition will develop the sales and service networks possessed by both companies in the major overseas markets of Europe and North America. This will expand Yanmar’s product lineup and develop its overseas construction business sales. The firm also plans to expand its business in the mid-term for the construction business of the entire Yanmar Group, and to continue to actively develop business in the small and medium sized construction machinery marketplace.

Takehito Yamaoka, president, Yanmar Holdings said, "We have concluded an agreement for the acquisition of Terex Compact Germany, which possesses a strong Europe-based sales network and an excellent quality family of products, including the distinguished German Schaeff series, in a move aimed at expanding the Yanmar Group's small to medium sized construction machinery business. This will significantly expand the Yanmar Group's small and medium sized construction machinery portfolio. I am certain that the conclusion of this agreement will lead to significant growth for the Yanmar Group's construction machinery business."

Terex Compact Germany general manager Peter Hirschel said, “It is a great honour to be the most recent member of the Yanmar family. To have a strong parent company with Yanmar with long-term growth expectations is an outstanding situation for the Compact Germany business in our competitive market. We expect together with Yanmar to have a very interesting, complete and competitive product portfolio and an excellent dealer network. From our strong market position all customers, dealers, team members and the company will benefit.”
Maintenance

For more information on companies in this article

Related Content

  • The ADT offers hauling versatility
    May 20, 2014
    The ADT offers a highly versatile option for earthmoving applications and manufacturers are offering new and improved models with the latest low emission engines - Mike Woof writes The versatility and adaptability of the ADT has seen this type of machine become one of the most important types of equipment for the global off-highway machinery sector. The once popular motor scraper now sells in only limited numbers, even in the US, and has been replaced by the more versatile excavator and ADT combination o
    Read More
  • Sany on acquisition trail
    March 19, 2012
    Chinese construction equipment firm Sany is buying Putzmeister, the German manufacturer of concrete pumps. The terms of the deal have not been revealed officially but the acquisition is said to be worth €360-500 million according to various reports.
    Read More
  • Sany on acquisition trail
    May 2, 2012
    Chinese construction equipment firm Sany is buying Putzmeister, the German manufacturer of concrete pumps. The terms of the deal have not been revealed officially but the acquisition is said to be worth €360-500 million according to various reports.
    Read More
  • Terex Finlay welcomes market buoyancy
    March 9, 2017
    Terex Finlay is looking to capitalise on healthy North American demand for premium crushing and screening equipment. “The North America market has been very buoyant for us and it’s growing every year,” said Alan Witherow, Terex Finlay’s product manager. “Talking to some of our dealers on the first day-and-a-half of the show, the mood is very positive.”
    Read More

Highlighted Content