Yanmar Group has completed its acquisition of compact equipment manufacturer ASV Holdings Inc. (ASV), a manufacturer of compact tracked loaders and skid-steer loaders.
Yanmar has acquired 100 percent 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 sq.ft. production facility in Minnesota.
The acquisition strengthens Yanmar’s range of compact equipment products allowing it to offer full dig, load, and carry solutions in the work-site and contributes to Yanmar’s prospects for growth in North America and globally.
Published in the November 2019 Edition
