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

  • CECE Summit – is Europe ready for a digital construction worksite?
    November 20, 2015
    The CECE has voiced his concern over government regulations that could strangle innovation for the digitalisation of construction machinery. China’s imploding economy was another topic at the recent conference in Brussels, reports David Arminas. The CECE has urged the European Parliament and European Commission to enact legislation that promotes rather than hinders the construction sector’s transition to a digitalised way of working. “We need a smart regulatory framework that helps to unlock the full poten
    Read More
  • Terex Finlay launches I-140 impact crusher
    April 14, 2016
    There’s been strong interest this week in Terex Finlay’s new I-140 direct drive 1,270mm x 1,240mm horizontal impact crusher. The model offers variable speed for production in recycling, mining and quarrying applications, along with significantly improved flow of material due to increasing the width of components as the material moves through the machine.
    Read More
  • GPS machine control technology aids productivity
    February 21, 2012
    GPS technology offers contractors many benefits and product offerings are growing more diverse, Mike Woof reports. The benefit of GPS technology for the construction industry cannot be overstated.
    Read More
  • LiuGong’s Zeng Guang’an Spoke on the Development of the Manufacturing Industry at China’s National People’s Congress
    May 14, 2018
    The first session of the 13th National People's Congress (NPC) opened in the Great Hall of the People in Beijing recently. Chinese premier Li Keqiang delivered the annual report on the work of the government at the opening ceremony. Zeng Guang’an, NPC deputy for Guangxi Zhuang Autonomous Region and chairman of Guangxi Liugong Group, attended the conference. Zeng Guang’an listened to the Government Report and participated in the panel discussion of Guangxi Zhuang Autonomous Region. He reported to premier Li
    Read More

Highlighted Content