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

  • LiuGong 900E excavators “very key” for company future
    April 16, 2013
    A senior LiuGong figure says the company’s keenly awaited 900E Series excavator is a “very key machine” for its future. Dave Beatenbough, vice president of the Chinese construction equipment manufacturing giant’s research and development arm, said production of the model at LiuGong’s Dressta base in Poland was expected to begin “within three months”.
    Read More
  • Equipment firm Wacker Neuson posts bullish results
    March 31, 2014
    Munich-based equipment manufacturer Wacker Neuson reports an increase in Group revenue and profitability in 2013. This has been achieved in spite of tough trading conditions and having met its targets for 2013, the firm aims to remain on track in 2014. The company achieved €1.16 billion in revenue and says it managed to boost market penetration of light and compact equipment in its core European and US markets. It also developed specific new markets. Group revenue rose 6% to €1.16 billion, compared with nea
    Read More
  • HCME's new parts depot
    April 11, 2012
    The new Hitachi Construction Machinery (Europe)/HCME European Parts Depot has been officially opened. At the Oosterhout facility, southern Netherlands, the guest of honour was Hitachi Construction Machinery president Michijiro Kikawa, who gave a speech to other guests at the ceremony, among them Mitsuhiro Tabei, president of HCME. He then presented representatives from the parts depot with a special Japanese maple tree, which was planted in front of the building. In his address, Mr Kikawa emphasised the imp
    Read More
  • HCME's new parts depot
    February 17, 2012
    The new Hitachi Construction Machinery (Europe)/HCME European Parts Depot has been officially opened. At the Oosterhout facility, southern Netherlands, the guest of honour was Hitachi Construction Machinery president Michijiro Kikawa, who gave a speech to other guests at the ceremony, among them Mitsuhiro Tabei, president of HCME. He then presented representatives from the parts depot with a special Japanese maple tree, which was planted in front of the building.
    Read More

Highlighted Content