Time Manufacturing Company has agreed to acquire Ruthmann, a manufacturer of aerial work platforms based in Germany.
Time is a global designer, manufacturer, and distributor of aerial lifts primarily for the electric utility, telecommunications, infrastructure, and forestry industries.
Time goes to market via several brands, including the Versalift line of aerial lifts and digger derricks, the Aspen Aerials line of under-bridge inspection units, and the BrandFX line of fiberglass truck bodies.
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.
The transaction is subject to regulatory clearance and is expected to close in Q1 2021.
Time Manufacturing Company (“Time”), Waco, Texas, has agreed to buy Ruthmann, a manufacturer of aerial work platforms based in Germany.
Time is a global designer, manufacturer, and distributor of aerial lifts, primarily for the electric utility, telecommunications, infrastructure, and forestry industries. Time goes to market via several brands, including the Versalift line of aerial lifts and digger derricks, the Aspen Aerials line of under-bridge inspection units, and the BrandFX line of fiberglass truck bodies.
Headquartered in Gescher-Hochmoor, Germany, Ruthmann has a long history of manufacturing high-quality, truck-mounted aerial work platforms in Europe, which it markets under the brands Ruthmann, Steiger, and Ecoline. Ruthmann also manufactures a line of compact tracked aerial lifts, which it markets as the Bluelift brand.
The transaction is subject to regulatory clearance and is expected to close in Q1 2021
Rolf Kulawik, managing director of Ruthmann, said, “The acquisition of Ruthmann by Time/Versalift will not impact the continuity of our business. There are no planned changes to the staffing of our manufacturing or distribution operations, which will continue to do the important work of serving our customers.”
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