TVH acquires SMS

News Story
- 21 Feb 2008 ( #348 ) - WAREGEM, Belgium
1 min read
SMS headquarters in Wallonia, Belgium.
SMS headquarters in Wallonia, Belgium.
TVH has acquired Saveco Maintenance Service (SMS), an equipment sales and rental company in Wallonia, Belgium.

According to TVH sales manager Luc Maertens, SMS agreed to the take-over to broaden its product range and improve its after-sales service.

"The exclusive brands of TVH, like Doosan, Lafis, Icem, Thervan, Dinolift and JLG, will broaden the range of access equipment and offer products with the latest technology," Maertens says.

SMS, a local dealer for OMG and Yale forklifts, also supplies its customers with scissor and articulating boom lifts, loading ramps and warehousing equipment.

The dealer will continue to sell and service its existing brands.

The addition of 10 engineers from SMS brings the total number of engineers serving the Wallonia area to 54, the "largest number of engineers from a brand-independent service", Maertens says.

He adds that the technicians will be supported by TVH know-how and "continuous professional development", resulting in improved after-sales service for customers.

SMS has 120 counterbalanced and warehouse forklift units in its rental fleet and made a EUR3.5 million (USD5.1 million) turnover last year. About 20 SMS employees will move to the TVH Group. The Wallonia region will now have access to over 2,000 units of new and used forklift and access equipment.

TVH will take over all SMS customers' existing rental and service contracts under the same conditions.

TVH says the acquisition value is confidential.
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Inside The News
In this week’s Forkliftaction News , Hyster-Yale says it is reducing production because of “softer demand” as it reports revenue for Q3 was USD979 million, a drop both year-on-year and quarter-on-quarter... Continue reading

PREMIUM business

Lift Technologies Inc.
Global leader - manufactures masts, carriages, sideshifters & fork positioners

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

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“The connection we have built with Forkliftaction has led directly to customer growth and long-term benefits for us. We look forward to continuing the relationship for years to come...”
- Samuel Silva, Chief Operations Officer, GemOne

Read the full testimonial & more industry messages ♥ here.

To learn what we can do for your marketing [download our latest MEDIA KIT]

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