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

  • Geveko acquires French manufacturer Oré
    December 22, 2020
    Oré Peinture, which became part of Geveko Markings this month, has 185 employees.
    Read More
  • 'Growth opportunities worldwide' for construction machines
    March 19, 2012
    Wirtgen brothers Jürgen and Stefan discussed growth opportunities. Jürgen Wirtgen and Stefan Wirtgen are joint presidents of the Wirtgen Group and see business levels continuing to improve. Stefan said, “Generally speaking we are surprised with the growth levels, especially in the BRIC countries. It is giving us quite a big boost and is allowing us to grow. We are more than happy with 2011 so far as the order books are full and we didn’t expect this.”
    Read More
  • More than 400,000 machines join new CECE construction equipment ‘uptime’ utilisation tracker
    October 27, 2022
    CECE (The Committee for European Construction Equipment) has announced that is launching an ‘Uptime Tracker’, a new industry-wide index designed to analyse machinery utilisation.
    Read More
  • Concrete paving market developments
    February 9, 2018
    Key developments are being seen in the concrete paving and slipforming market - Mike Woof writes. Key changes are taking place in the concrete paving and slipforming sector, with two of the well-known names in the market recently having changed hands. Both Miller Formless and Power Curbers/Power Pavers have recently been acquired from the families that set up these firms. In both instances the owners of the companies decided to retire and opted to sell these specialised businesses to suitable parties.
    Read More

Highlighted Content