INDUSTRY NEWS | heavyequipmentguide.ca Yanmar to acquire ASV Holdings
ReadyQuip JCB dealer to serve Canadian customers in eastern Ontario
ACQUISITION Yanmar Holdings has entered into a definitive agreement to acquire compact equipment manufacturer ASV Holdings Inc. Yanmar is to acquire ASV through the mechanism of a statutory merger. Giuliano Parodi, executive officer of Yanmar Holdings, stated: “We believe that the Yanmar Group’s acquisition of ASV will significantly bolster Yanmar’s compact equipment offerings in the loader segment, a product range vital for success in the all-important North American market.” Parodi added, “With its highly
skilled workforce and quality CTL/ SSL lineup, ASV is a great fit for both Yanmar’s focus on quality, and our growth and expansion plans in the North American and global markets as it will create a comprehensive and global provider of compact equipment with virtually no overlap in distribution networks.” “I have no doubt that our design, manufacturing and distribution expertise will find a welcome home in the Yanmar Group as we share a common vision to provide the highest-quality products,” said Andrew Rooke, chair-
man and CEO of ASV. “ASV’s merger with Yanmar will ensure a vibrant future providing quality machinery for our customers and will provide a great opportunity for ASV employees to join a growing global company.” ASV has an independent dealer network throughout North America, Australia and New Zealand. The company also sells OEM equipment and aftermarket parts. ASV owns and operates a 238,000-square-foot production facility in Grand Rapids, Minnesota. The transaction is expected to close in the third quarter of 2019.
DEALERSHIP ReadyQuip JCB is the newest addition to JCB’s growing North American dealer network. The new JCB dealership operates from ReadyQuip’s premises at 3088 Riverside Drive in Timmins, Ontario, to sell and support JCB machines throughout eastern Ontario, including Algoma, Cochrane, Greater Sudbury and Timiskaming. ReadyQuip was founded in 1986 and is today a full-line construction equipment supplier. As a JCB dealer, the company offers a full range of JCB construction machines, including backhoe loaders, skid-steer and compact track loaders, wheel loaders, excavators and telescopic handlers. In 2015, ReadyQuip invested CAD 1.5 million to expand its 10-acre head office facility in Timmins, which includes a parts and service department, 7-bay workshop and fleet of support vehicles.
Komatsu to acquire mining technology and optimization specialist Immersive Technologies
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ACQUISITION Komatsu Ltd., through its wholly owned subsidiary in Australia, has agreed to acquire global mining technology and workforce optimization firm Immersive Technologies, which specializes in increasing mine profitability by optimizing the safety and productivity of equipment operators. Retaining its headquarters in Perth, Western Australia, Immersive Technologies will continue to deploy its solutions to its customers. “We are very pleased to welcome Immersive Technologies into the Komatsu group. We look forward to working together with Immersive Technologies to enhance Komatsu’s Mining Business and continue the success in its multiple-OEM simulator strategy,” said Masayuki Moriyama, president, Mining Business Division of Komatsu Ltd., chairman, Komatsu Mining Corp.
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Job #: 2873
File Name: 2873-HTC-HeavyEquipmentGuide-JulyAug-HP-iR Page 1 of 1
Account Director: JEREMY M.
Trim: 7.5"× 4.875"
Bleed: 7.75” x 5.125”
>> www.heavyequipmentguide.ca JULY/AUGUST Revised 2019 By: Production: JAM Safety: 7.25”x4.625”