Yanmar completes purchase of ASV

16 September 2019

ASV_CTL-RT65

ASV’s CTL-RT65

Japan-based Yanmar has announced the completion of its acquisition of compact equipment manufacturer ASV for US$71 million.

ASV produce compact tracked loaders and skid-steer loaders. The company’s independent dealer network throughout North America, Australia, and New Zealand will join Yanmar’s existing global construction equipment operations.

“We expect ASV to realise significant channel and product synergies after joining the Yanmar Group,” said Giuliano Parodi, executive officer, Yanmar Holdings.

“In addition, the ASV Grand Rapids facility will continue as a center of excellence for compact tracked loaders and skid steer loaders, while benefiting from the global capacity and resources of the Yanmar Group.”

Yanmar added that the acquisition strengthens the company’s range of compact equipment products and should lead to growth globally, specifically in North America.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
What’s new in scaffolding, including Georg Layher interview
Access international speaks to Georg Layher; Kewazo explains its unique robotic lift; and Haki covers digital solutions
Feature: Concrete equipment
A look at the future of the concrete market, sustainability efforts and new product offerings
Comment: OEM perspective on rental’s digital transformation
Patrick Stellwag, Strategic Account Manager at Ammann, gives his views on how digital technology is driving  change in the equipment rental industry.
CONNECT WITH THE TEAM
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail: andy.brown@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA