Complementary Product Portfolio Deepens Market
Reach, Builds on Partnership with JLG
Oshkosh Corporation (NYSE: OSK), a leading innovator of
purpose-built vehicles and equipment, today announced it has
entered into a definitive agreement to acquire AUSACORP S.L.
(AUSA), a privately held international company and manufacturer of
wheeled dumpers, rough terrain forklifts and telehandlers for the
construction, material handling, agriculture, landscape and
specialty equipment industries. Upon closing, AUSA will become part
of the Oshkosh Access segment.
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Oshkosh Corporation today announced it
has entered into a definitive agreement to acquire AUSACORP S.L.
(AUSA), a privately held international company and manufacturer of
wheeled dumpers, rough terrain forklifts and telehandlers for the
construction, material handling, agriculture, landscape and
specialty equipment industries. Upon closing, AUSA will become part
of the Oshkosh Access segment. (Photo: Business Wire)
“AUSA’s history of producing high-quality, purpose-built
equipment aligns with our Innovate. Serve. Advance. strategy,
allowing us to broaden our product offerings in both current and
adjacent markets,” said John Pfeifer, Oshkosh Corporation’s
president and chief executive officer. “We look forward to
welcoming the AUSA team into the Oshkosh family.”
AUSA products will enhance the JLG® line of telehandlers, as
well as Hinowa tracked dumpers and forklifts to strengthen the
Access segment’s portfolio of equipment. The companies began
working together through a partner agreement in 2020, with AUSA
manufacturing the JLG-branded SkyTrak® 3013 compact
telehandler.
“We are excited to join forces with a proven partner like AUSA,”
said Mahesh Narang, executive vice president Oshkosh Corporation,
and president, Access. “Combining our advanced technology
capabilities and robust training, support and service
infrastructures will allow us to better serve customers and enable
targeted growth.”
“We constantly pursue excellence in our products, services and
business,” said Ramon Carbonell, AUSA’s chief executive officer. “A
deeper relationship with Oshkosh will expand the reach of our
products, which is an objective our companies share.”
AUSA, which was founded in 1956 in Barcelona, Spain, reported
sales of approximately $132 million euros in 2023. The company’s
near 350 team members and 600 dealers bring with them a long
history of innovation, quality and customer service.
The AUSA acquisition supports the Oshkosh accelerated growth
strategy. The transaction, which is subject to customary closing
conditions, is expected to close within 90 days.
About Oshkosh
Corporation
At Oshkosh (NYSE: OSK), we make innovative, mission-critical
equipment to help everyday heroes advance communities around the
world. Headquartered in Wisconsin, Oshkosh Corporation employs
approximately 17,000 team members worldwide, all united behind a
common purpose: to make a difference in people’s lives. Oshkosh
products can be found in more than 150 countries under the brands
of JLG®, Hinowa, Power Towers, Pierce®, MAXIMETAL, Oshkosh®
Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications,
Oshkosh® Airport Products, Oshkosh AeroTech™ and Pratt Miller. For
more information, visit oshkoshcorp.com.
®, ™ All brand names referred to in this news release with the
exception of AUSA are trademarks of Oshkosh Corporation or its
subsidiary companies.
About JLG
JLG® Industries, Inc. is a world-leading designer,
manufacturer, and marketer of access equipment. The Company’s
diverse product portfolio includes leading brands such as JLG®
aerial work platforms; JLG and SkyTrak® telehandlers and rotary
telehandlers; and an array of complementary accessories that
increase the versatility and efficiency of these products. JLG is
an Oshkosh Corporation business [NYSE: OSK]. For more information
about JLG Industries, Inc., visit www.jlg.com, or find us on
Twitter [twitter.com], Facebook [facebook.com], LinkedIn
[linkedin.com], Instagram [instagram.com] and YouTube
[youtube.com].
About AUSA
Established in 1956, AUSA is a company that specializes in the
design, manufacturing and sale of compact all-terrain industrial
vehicles (dumpers, forklifts and telescopic handlers) designed for
the residential, civil and road construction industry and for the
transportation and handling of industrial and agricultural
materials. With its headquarters in Manresa (Barcelona), Spain,
AUSA operates in 90 countries and has subsidiaries in Madrid,
France, the United Kingdom, Germany, the US and China. Its firm
commitment to innovation, providing more efficient and safer
technological solutions for its customers and its commitment to
people and talent have made AUSA a leading company in its
sector.
Forward Looking
Statements
This news release contains statements that the Company believes
to be “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact, including, without
limitation, statements regarding the Company’s future financial
position, business strategy, targets, projected sales, costs,
earnings, capital expenditures, debt levels and cash flows, and
plans and objectives of management for future operations, are
forward-looking statements. When used in this news release, words
such as “may,” “will,” “expect,” “intend,” “estimate,”
“anticipate,” “believe,” “should,” “project,” “confident” or “plan”
or the negative thereof or variations thereon or similar
terminology are generally intended to identify forward-looking
statements. These forward-looking statements are not guarantees of
future performance and are subject to risks, uncertainties,
assumptions and other factors, some of which are beyond the
Company’s control, which could cause actual results to differ
materially from those expressed or implied by such forward-looking
statements. These factors include the possibility that the parties
will fail to obtain necessary regulatory approvals or to satisfy
any of the other conditions to the proposed transaction; potential
negative effects relating to the announcement of the proposed
transaction; failure to realize the expected benefits of the
transaction or expected synergies; difficulties in predicting
results of operations of an acquired business; the cyclical nature
of the Company’s access equipment, fire apparatus, refuse and
recycling collection and air transportation equipment markets,
which are particularly impacted by the strength of U.S. and
European economies and construction seasons; the Company’s
estimates of access equipment demand which, among other factors, is
influenced by historical customer buying patterns and rental
company fleet replacement strategies; the strength of the U.S.
dollar and its impact on Company exports, translation of foreign
sales and the cost of purchased materials; risks related to the
collectability of receivables, particularly for those businesses
with exposure to construction markets; risks associated with
international operations and sales, including compliance with the
Foreign Corrupt Practices Act; and risks related to the Company’s
ability to successfully execute on its strategic road map and meet
its long-term financial goals and other risks, uncertainties,
assumptions and other factors impacting future results of the
Company.
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version on businesswire.com: https://www.businesswire.com/news/home/20240508136258/en/
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Patrick Davidson Senior Vice President, Investor Relations
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Media:
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Communications 240.500.6485
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