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
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.”
