Oshkosh Corporation to Acquire AUSA
Oshkosh , a leading provider of mission-critical vehicles and equipment, announced the acquisition of AUSA, a manufacturer of wheeled dumpers and forklifts. The acquisition will expand Oshkosh's product portfolio and market reach, strengthening the partnership with JLG. AUSA's high-quality products will complement JLG's offerings, enhancing the Access segment's equipment portfolio. The acquisition aligns with Oshkosh's growth strategy, with AUSA reporting sales of approximately $132 million euros in 2023. The transaction is expected to close within 90 days.
The acquisition of AUSA will broaden Oshkosh's product offerings in current and adjacent markets.
AUSA's high-quality equipment will enhance the JLG line of telehandlers and strengthen the Access segment's portfolio.
The transaction supports Oshkosh's accelerated growth strategy.
AUSA reported sales of approximately $132 million euros in 2023, demonstrating strong financial performance.
The transaction is subject to customary closing conditions, which may pose a risk if not met.
There could be integration challenges during the merging of AUSA's operations with Oshkosh.
Insights
Oshkosh Corporation's definitive agreement to acquire AUSA represents a strategic move to expand its product offerings and reinforce its market presence in the construction, material handling and specialty equipment industries. This acquisition could potentially lead to synergies in manufacturing and distribution, leveraging AUSA's established network of dealers. It allows Oshkosh to diversify its access segment with established products, possibly increasing market share and customer base.
The mention of AUSA's annual sales of around
The inclusion of AUSA's specialized equipment like wheeled dumpers and rough terrain forklifts could improve Oshkosh's market adaptability to different geographic terrains and usage scenarios. The combination of the companies’ technological capabilities and service infrastructures potentially enhances their joint ability to innovate and meet customer demand. Especially when considering AUSA's historical dedication to innovation and quality, which aligns with Oshkosh's own strategic pillars.
Investors should also consider the cultural and operational integration of the two companies, as well as the potential cross-selling opportunities that may arise. AUSA’s presence in 90 countries could provide Oshkosh with new international markets to explore, which could lead to a more diversified global footprint.
Complementary Product Portfolio Deepens Market Reach, Builds on Partnership with JLG
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
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
AUSA, which was founded in 1956 in
The AUSA acquisition supports the
About Oshkosh Corporation
At
®, ™ 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 (
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20240508136258/en/
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Source: Oshkosh Corporation
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