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

  • High demand for German-made construction machinery
    February 14, 2018
    The German construction equipment industry is in the middle of a boom, according to data from the country’s equipment manufacturing body, the VDMA. A new report highlights that turnover and incoming orders saw a double-digit increase in 2017 and Germany manufacturers are starting 2018 with a high degree of optimism. According to the VDMA figures, the German construction equipment industry ended 2017 with turnover of €10.8 billion– an increase of 15% compared to the previous year. It is the fourth
    Read More
  • Case strengthens its brand in the global marketplace
    January 6, 2017
    Case Construction Equipment is gearing up to assemble excavators at its plant in Italy as part of company’s repositioning within the global marketplace, which was announced last May. The excavators will be from Sumitomo, Case’s long-term Japanese partner, said Andy Blandford, Case’s vice president for construction equipment in Europe, Middle East and Asia.
    Read More
  • Case strengthens its brand in the global marketplace
    April 23, 2015
    Case Construction Equipment is gearing up to assemble excavators at its plant in Italy as part of company’s repositioning within the global marketplace, which was announced last May. The excavators will be from Sumitomo, Case’s long-term Japanese partner, said Andy Blandford, Case’s vice president for construction equipment in Europe, Middle East and Asia.
    Read More
  • Multiple role machine
    February 15, 2012
    The introduction of a new backhoe loader line is a major development for Case, Mike Woof reports. Case is introducing its new backhoe loader line-up for the European market, which offers key performance improvements. There are four models being introduced, the 695ST, 590ST, 580ST and 580T, aimed at different market segments and intended to encompass the entire range of customer requirements. This is an important launch for CNH, which has been offering a fully-integrated backhoe loader in its line-up since 1
    Read More

Highlighted Content