M&A Deal Summary

Skyjack Acquires Volvo - Material Handling Equipment Business

On April 25, 2008, Skyjack acquired machinery company Volvo - Material Handling Equipment Business from Volvo

Acquisition Highlights
  • This is Skyjack’s 2nd transaction in the Machinery sector.
  • This is Skyjack’s 1st transaction in the United States.
  • This is Skyjack’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2008-04-25
Target Volvo - Material Handling Equipment Business
Sector Machinery
Buyer(s) Skyjack
Sellers(s) Volvo
Deal Type Divestiture

Target

Volvo - Material Handling Equipment Business

Shippensburg, Pennsylvania, United States
Volvo - Material Handling Equipment Business comprises machine to pick up, transport and handle a large variety of different objects or equipment. The material handling arm is used on construction sites for pipelaying etc. It has two telescopic sections with built-in mechanical stops to prevent overextension.

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Buyer(S) 1

Buyer

Skyjack

Guelph, Ontario, Canada
Category Company
Founded 1985
Sector Machinery
DESCRIPTION

Skyjack is a provider of engineered, simple and reliable access and material handling equipment globally so that companies can maximize utilization and their return on investment. All Skyjack’s products are designed to be easy to service and maintain. By keeping design simple and using proven technology, the reliability and ease of service are common to all the company’s products. Skyjack was founded in 1985 and is based in Guelph, Ontario.

DEAL STATS #
Overall 2 of 2
Sector (Machinery) 2 of 2
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-22 Carelift Equipment

Breslau, Ontario, Canada

Carelift designs and builds durable, dependable rough terrain forklifts. The telehandler product has advanced reach and can reach heights from 32 to 56 feet. Additionally, CareLift products are well regarded in the industry for high quality and reliability, which aligns with Skyjack’s existing product design principles.

Buy -

Seller(S) 1

SELLER

Volvo

Gothenburg, Sweden
Category Company
Founded 1915
Sector Manufacturing
Employees91,265
Revenue 552.8B SEK (2023)
DESCRIPTION

Volvo is a Swedish multinational manufacturing company. Volvo's principal activity is the production of trucks, buses, and construction equipment. Volvo also supplies marine and industrial drive systems. Volvo was incorporated in 1915 and is based in Gothenburg, Sweden.

DEAL STATS #
Overall 2 of 8
Sector (Machinery) 1 of 1
Type (Divestiture) 2 of 8
State (Pennsylvania) 1 of 2
Country (United States) 1 of 4
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-26 Renault Trucks

Saint-Priest, France

Renault Trucks is a commercial truck and military vehicle manufacturer. The Company is based in Saint-Priest, France.

Buy $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-24 Outsmart

Göteborg, Sweden

Outsmart is a sales channel eTraining company focused on providing customer specific eTraining solutions to improve the performance of clients sales-, support- and service organizations. Outsmart is based in Göteborg, Sweden.

Sell -
Mergr

Product

Company

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