Yanmar completes acquisition of ASV Holdings

September 12, 2019
Sept. 12, 2019 – Yanmar Group has completed the acquisition of compact equipment manufacturer ASV Holdings Inc., a designer and manufacturer of compact track loaders and skid steer loaders.

The announcement is the final step in the acquisition, following on from the June disclosure of a definitive agreement to acquire the company through the mechanism of a statutory merger. Yanmar has acquired 100 per cent of ASV’s outstanding shares of common stock for total consideration of $70.70 million, or $7.05 per share.

ASV’s independent dealer network throughout North America, Australia, and New Zealand will join Yanmar’s existing global construction equipment operations. The company also sells OEM equipment and aftermarket parts, and owns and operates a 238,000 square-foot production facility in Grand Rapids, MN.

“We expect ASV to realize significant, channel and product synergies after joining the Yanmar Group,” Giuliano Parodi, executive officer of Yanmar Holdings, said. “In addition, the ASV Grand Rapids facility will continue as a centre of excellence for compact tracked loaders and skid steer loaders, while benefiting from the global capacity and resources of the Yanmar Group.”

The acquisition strengthens the Yanmar’s range of compact equipment products allowing it to offer full dig, load, carry solutions on the worksite and contribute to Yanmar’s prospects for growth in North America and globally.

Add comment


Security code
Refresh

Subscription Centre

New Subscription

Already a Subscriber

Customer Service

View Digital Magazine Renew

Most Popular

Latest Events

GIE + EXPO
October 16-18, 2019
Congress 2020
January 7-9, 2020

Marketplace


We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.