There was no shortage of acquisitions throughout 2019, with several big names in equipment changing hands.
Here are the five acquisitions that generated the most interest from our readers throughout the year.
5 McCloskey acquired by Metso
In June, Metso announced it signed an agreement to acquired McCloskey International, a Canadian mobile crushing and screening equipment manufacturer.
The acquisition, valued at more than $420 million, aims to expand Metso’s offering in the aggregates industry globally and to strengthen its customer reach, particularly to general contractor customers.
To read the full story, click here.
4Doosan Bobcat acquires Bob-Cat Mowers
This month, Doosan Bobcat announced the company plans to acquire the assets of the Bob-Cat Mowers, as well as the Steiner and Ryan brands of ground care equipment from Schiller Grounds Care, Inc.
Bob-Cat Mowers manufactures several zero-turn riding mowers, the QuickCat stand-on mower and three walk-behind mower models.
The transaction is expected to close by Dec. 31, subject to closing conditions and approvals.
To read the full story, click here.
3Terex sells demag
In February, Terex Corporation announced it has agreed to sell its Demag Mobile Cranes business to Tadano Ltd. for about $215 million.
Included in the transaction was the manufacturing facilities in Zweibrucken, Germany as well as multiple sales and service locations.
Tadano President and Chief Executive Officer Koichi Tadano said the acquisition positions the company for considerable growth.
To read the full story, click here.
2Stanley Black & Decker acquires Paladin and Pengo
In March, KPS Capital Partners agreed to sell Paladin and Pengo to Stanley Black & Decker.
The deal included all brands and operations within the Paladin and Pengo companies, which are part of KPS’s International Equipment Solutions (IES).
KPS retained ownership of IES’ Genesis business unit and Crenlo, Emcor and Siac do Brasil, which are collectively known as Crenlo Global.
To read the full story, click here.
1Brandt acquires Nortrax Canada
Our most popular acquisition story of the year saw Brandt acquire Nortrax in Canada, solidifying its position as the largest privately-held John Deere dealership worldwide.
The deal, announced in September, merged all John Deere Construction & Forestry dealerships in Canada under the Brandt banner creating unprecedented access to Deere products, parts and support services to Canadian contractors.
To read the full story, click here.
