Add-on Acquisition • Machinery

Wacker Neuson Acquires Ground Heaters

On April 13, 2006, Wacker Neuson acquired machinery company Ground Heaters

Acquisition Context
  • This is Wacker Neuson’s 1st transaction in the Machinery sector.
  • This is Wacker Neuson’s 1st transaction in the United States.
  • This is Wacker Neuson’s 1st transaction in Michigan.

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M&A Deal Summary

Date April 13, 2006
Target Ground Heaters
Sector Machinery
Buyer(s) Wacker Neuson
Deal Type Add-on Acquisition
Advisor(s) InterOcean Advisors (Financial)

Target Company

Ground Heaters

Spring Lake, Michigan, United States
Ground Heaters, Inc. manufactures portable hydronic heating equipment for the construction industry. The company’s products include indirect fired air heaters, hydronic surface heaters, heat exchangers, air movers, and dehumidifiers.
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Buyer Overview 1

Buyer

Wacker Neuson

Munich, Germany

Category Company
Founded 1848
Sector Machinery
Employees6,579
Revenue 2.2B EUR (2024)
DESCRIPTION

Wacker Neuson is an international family of companies and a manufacturer of light and compact equipment with over 50 affiliates and 140 sales and service stations. The Group offers its customers a broad portfolio of products, a wide range of services and an efficient spare parts service. The product brands Wacker Neuson, Kramer and Weidemann belong to the Wacker Neuson Group. Wacker Neuson was founded in 1848 and is based in Munich, Germany.


Deal Context for Buyer #
Overall 2 of 4
Sector: Machinery 1 of 2
Type: Add-on Acquisition 2 of 2
State: Michigan 1 of 1
Country: United States 1 of 1
Year: 2006 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-31 Weidemann & Co. KG

Diemelsee-Flechtdorf, Germany

Weidemann Gmbh & Co. KG designs and manufactures wheel loaders and telehandlers for agriculture and construction industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-13 Neuson Kramer Baumaschinen AG

Linz, Austria

Neuson Kramer Baumaschinen AG is a producer of mini and compact excavators, wheel loaders, dumpers, telescopic loaders and compact loaders.

Buy -