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

  • Breedon posts £200mn-plus revenue rise in 2018
    March 6, 2019
    Breedon, a leading UK and Ireland construction materials group, saw its year-on-year revenue rise by more than £200 million in 2018. Newly published audited figures for the year showed group revenue rose 32% to £862.7 million, compared to £652.4mn in 2017. Breedon’s profit before tax also rose by a healthy 12% to £79.9 million, up from £71.2mn in 2017. Group net debt stood at £310.7mn as of 31 December 2018, up from £109.8mn at 2017 end. Breedon posted a sizeable increase in its aggreg
    Read More
  • HCME's new Lithuanian dealer
    February 7, 2012
    Hitachi Construction Machinery (Europe)/(HCME) has signed an agreement with Dominga (Domingos prekyba UAB), a new dealer in Lithuania, that will offer customers an extensive range of Hitachi construction machinery, including mini, medium and large excavators, wheel loaders and special application machines. Owned by Libra Holding and has two offices in the Lithuanian capital of Vilnius, and branches in the cities of Kaunas and Siauliai. Owned by Libra Holding and has two offices in the Lithuanian capital of
    Read More
  • Samoter success says show organisers
    February 27, 2017
    The organisers of the Samoter construction equipment show and the co-located Asphaltica and Transpotec Logitec events in Verona claim success. Strong visitor attendance for the four day show was recorded, with 84,000 industry professionals from 86 countries entering the turnstiles. The three shows were held for the first time together at the Verona Exhibition Centre, thanks also to an agreement between Fiera Milano and Veronafiere.
    Read More
  • Wacker Neuson’s “targeted measures” fuelling success in 2013 and beyond
    December 3, 2013
    Wacker Neuson’s (WN) “targeted measures” are said to be expanding the German construction equipment manufacturing group’s presence in Europe and the Americas which, coupled with a greater reach into other markets, has left WN well placed for success in 2014. A Group statement released this week notes that due to the slow start to construction activity in the first three months of 2013 due to harsh weather conditions in the northern hemisphere and uncertainties across European markets, WN Group revenue fell
    Read More

Highlighted Content