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

  • Shantui diversifying from core dozer line
    October 14, 2013
    Chinese bulldozer firm Shantui is building on its core competency of bulldozers, broadening its range as well as its operations – Mike Woof writes Bulldozer specialist Shantui has a clear policy of broadening its product range, having grown from being a small producer with a limited model line-up to become a major global manufacturer. The company began its diversification process in 1999, buying a road machinery range and then following this up with a line of concrete equipment in 2008. This process cont
    Read More
  • VDMA questions emissions future
    February 28, 2012
    The German construction equipment manufacturer's association, the VDMA, has stated that the new EU-exhaust emission directive presents a major challenge for its members.
    Read More
  • CNH head on role in new business model and “three-speed recovery” of EMEA markets
    February 26, 2013
    Mario Gasparri, head of the CNH Construction Equipment business for its new Europe, Middle East, Africa (EMEA) business region, outlines his and the Group’s immediate and long-term priorities “The creation of Fiat Industrial by bringing together the three businesses of CNH, Iveco and FPT Industrial has resulted in a business operating on a vast scale: Fiat Industrial is one of the top three global groups in the capital goods industry.
    Read More
  • Hitachi (HCME) forms alliance with online marketplace Mascus
    June 17, 2016
    Hitachi Construction Machinery Europe (HCME) has formed a strategic partnership with Mascus, an online marketplace. Mascus is a specialist site for buying and selling used construction machinery, as well as other vehicles and equipment. The company was founded in 2000 and is owned by Mascus International, based in the Netherlands. In 2009, Mascus opened an office in the Republic of South Africa, its first office outside Europe. Mascus now operates in 58 countries, covering the whole of Europe, Austral
    Read More

Highlighted Content