M&A Deal Summary

Yanmar Acquires ASV Holdings

On June 27, 2019, Yanmar acquired machinery company ASV Holdings

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

M&A Deal Summary

Date 2019-06-27
Target ASV Holdings
Sector Machinery
Buyer(s) Yanmar
Deal Type Merger

Target

ASV Holdings

Grand Rapids, Minnesota, United States
ASV Holdings is a manufacturer of compact rubber track loaders and related accessories, undercarriages and traction products. ASV Holdings was formed in 1983 and is based in Grand Rapids, Minnesota.

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Buyer(S) 1

Buyer

Yanmar

Osaka, Japan

Category Company
Founded 1912
Sector Machinery
Employees3,300
Revenue 577.1B JPY (2013)
DESCRIPTION
Yanmar diesel engines on display at the 2014 sailboat show in Annapolis, Maryland.
Yanmar diesel engines on display at the 2014 sailboat show in Annapolis, Maryland.

Yanmar designs and manufactures diesel engines, accessories and finishing equipment for a wide range of applications in pleasure craft and commercial marine vessels, for industrial use, agricultural machinery, construction equipment and cogeneration power systems.


DEAL STATS #
Overall 4 of 4
Sector (Machinery) 2 of 2
Type (Merger) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-23 International Tractors

New Delhi City, India

International Tractors is a manufacturer of tractors and agricultural machinery. Established in 1995, International Tractors (ITL) is the flagship company of farm equipment manufacturer Sonalika Group. It produces tractors of up to 90 horsepower under the Sonalika Tractors and Renault Ceres Tractors brands, the latter a result of a joint venture with Renault Agriculture of France.

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