Announced
Completed
Financials
Tags
hydraulic equipment
Single Bidder
Canada
Friendly
Majority
Acquisition
Production Technology Equipment
Completed
Private
Domestic
Synopsis
Gincor Werx, a manufacturer of vocational severe-service vehicles, completed the acquisition of Drivetec Manufacturing, a hydraulic equipment supplier. Financial terms were not disclosed. "I am very pleased to have an organization such as Gincor acquire Drivetec. I feel that both organizations share the same philosophy when it comes to providing exceptional customer service. Gincor's more than 40 years in the industry and reputation for delivering a premium product will align well with Drivetec's existing client base. I would like to thank all the staff for their hard work and dedication over the years and take comfort that they are in good hands with the Gincor team moving forward," Rheal Duprey, Drivetec President & Founder.
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