Time Manufacturing buys Ruthmann
Thursday, 21 January 2021
Waco, TX, United States
Ruthmann's brands include Bluelift
Time Manufacturing Company has agreed to acquire Ruthmann, a manufacturer of aerial work platforms based in Germany.
Time is a global designer, manufacturer and distributor of aerial lifts primarily for the electric utility, telecommunications, infrastructure and forestry sectors. The Time product line consists of several brands, including Versalift aerial lifts and digger derricks, Aspen Aerials under-bridge inspection units, and the BrandFX line of fibreglass truck bodies.
Headquartered in Gescher-Hochmoor, Germany, Ruthmann has a long history of manufacturing high-quality, truck-mounted aerial work platforms in Europe, going to market under the brands Ruthmann, Steiger, Ecoline and Bluelift.
The transaction is subject to regulatory clearance and terms were not disclosed.
The sale comes shortly after Ruthmann acquired its long-standing sales and service partner ReachMaster to form the new company Ruthmann Reachmaster North America LP.