 A ZB8044 telehandler by Carelift |
Volvo Construction Equipment has accepted Skyjack Inc's offer to pursue discussions relating to the latter's telehandler business. Volvo bought the business from Ingersoll-Rand as part of a road machinery acquisition in April 2007.
Aerial work platform manufacturer Skyjack says Volvo's materials handling equipment business would complement its acquisition of Carelift equipment that was completed in August 2007 (
Forkliftaction.com News #324).
"This acquisition would further expand Skyjack's telehandler product offering, add a rough-terrain straight mast forklift product and provide additional manufacturing capacity to further the company's growth potential," according to a Skyjack statement.
Linde Hasenfratz, CEO of Skyjack's parent company, Linamar Corp, says the company will be able to bring its products to a broader group of customers if the acquisition goes through.
The transaction is subject to the parties reaching a definitive agreement and further due diligence, the statement says.