American ASV skid steer loaders have found a new home under the ownership of YANMAR.
YANMAR has recently finalized an acquisition agreement with ASV Holdings Inc., a prominent designer and manufacturer of ASV skid steer and crawler skid steer loaders, along with a range of attachments, accessories, and parts. This strategic move positions YANMAR to solidify its presence in the skid steer loader market.
As part of this acquisition, YANMAR gains control over an expansive industrial center spanning more than 22,000 square meters. Furthermore, YANMAR will benefit from an established dealer network in the United States, Canada, New Zealand, and Australia, further expanding its reach across North America and Oceania.
The acquisition itself was executed during the summer of 2019, but the process of introducing ASV products to the European market is currently undergoing the approval phase. This expansion into the European market holds the promise of bringing top-quality skid steer loader technology to a broader audience.
This acquisition marks a significant milestone for YANMAR, a Japanese company with a history dating back to 1912. By broadening its portfolio with ASV's range of compact equipment, YANMAR is poised to meet the growing demand for versatile and reliable machinery in various industries.
YANMAR has earned its reputation as a manufacturer of exceptionally dependable mini-equipment, and their engines, bearing the same name, have gained the trust of suppliers across the globe. This partnership is expected to further solidify YANMAR's standing as a leader in the compact equipment industry.