The Taylor Group completed the acquisition of a 85% stake in CVS Ferrari from ITAGO and BP.

The Taylor Group, a manufacturer of heavy industrial lift equipment completed the acquisition of a 85% stake in CVS Ferrari, a manufacturer of heavy-capacity lift trucks, from ITAGO, a private equity firm and BP, a provider of revolving blades vacuum pumps and side loaders. Financial terms were not disclosed. "I am delighted to welcome CVS to the Taylor Group of Companies family. With this international investment, the Taylor Group is committed to becoming a truly global player by opening new markets and combining the strengths of both organizations, which complement each other well. We see tremendous opportunities for growth in market access, new products, lower cost, and enhancing service and support," Robert Taylor, The Taylor Group President.