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.