Skyjack offers to buy Volvo telehandler business

News Story
- 13 Mar 2008 ( #351 ) - GUELPH, Canada
1 min read
A ZB8044 telehandler by Carelift
A ZB8044 telehandler by Carelift
Volvo Construction Equipment has accepted Skyjack Inc's offer to pursue discussions relating to the latter's telehandler business. Volvo bought the business from Ingersoll-Rand as part of a road machinery acquisition in April 2007.

Aerial work platform manufacturer Skyjack says Volvo's materials handling equipment business would complement its acquisition of Carelift equipment that was completed in August 2007 (Forkliftaction.com News #324).

"This acquisition would further expand Skyjack's telehandler product offering, add a rough-terrain straight mast forklift product and provide additional manufacturing capacity to further the company's growth potential," according to a Skyjack statement.

Linde Hasenfratz, CEO of Skyjack's parent company, Linamar Corp, says the company will be able to bring its products to a broader group of customers if the acquisition goes through.

The transaction is subject to the parties reaching a definitive agreement and further due diligence, the statement says.
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Previously about:
Industry may seek AWP training standards News Story - 27 Nov 2008 - Rosemont, IL, United States - 2 min read
Skyjack agrees to buy CareLift News Story - 23 Aug 2007 - GUELPH, Canada - 1 min read
Movers & Shakers News Story - 17 Mar 2022 - 2 min read
Volvo finalises CeDe acquisition News Story - 21 Mar 2019 - Braas, Sweden - 1 min read
Forklifts and telehandlers on show at Shanghai construction expo News Story - 18 Dec 2014 - Shanghai, China - 3 min read
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Since July 2000, Forkliftaction News has been your guide to the developments that are shaping your industry.

Starting today we are also looking back on some of the key news stories from our extensive news archive.

In the news email and on the website, you'll see links to stories that were 'leading our news' multiple years ago, with topics spanning world-first products, big acquisitions, and major industry shifts.
We hope you enjoy this unique insight into the materials handling industry!

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