Yanmar Group announced the completion of its acquisition of compact equipment manufacturer ASV Holdings Inc. (ASV), a designer and manufacturer of compact tracked loaders and skid-steer loaders. The announcement follows the June 2019 disclosure of a definitive agreement to acquire the company.
Yanmar has acquired 100% of ASV’s outstanding shares of common stock for total consideration of $70.70 Million, or $7.05 per share. ASV’s independent dealer network throughout North America, Australia and New Zealand will join Yanmar’s existing global construction equipment operations. The company also sells OEM equipment and aftermarket parts; and owns and operates a 238,000 sq. ft. production facility in Grand Rapids, Minn.
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