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Announced

Completed

The Sterling Group-backed Time Manufacturing Company completed the acquisition of Ruthmann.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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aerial work platforms

Cross Border

Machinery: Specialty

Private

Single Bidder

Majority

Germany

Acquisition

Friendly

Private Equity

Completed

Synopsis

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The Sterling Group-backed Time Manufacturing Company, a global manufacturer of bucket trucks, digger derricks, cable placers, truck bodies, buckets, and other specialty equipment, completed the acquisition of Ruthmann, a manufacturer of aerial work platforms based in Germany. Financial terms were not disclosed. "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," Time Manufacturing Company.

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