Announced
Completed
Financials
Tags
aerial work platforms
Cross Border
Machinery: Specialty
Private
Single Bidder
Majority
Germany
Acquisition
Friendly
Private Equity
Completed
Synopsis
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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