15.02.2021

Time Versalift completes Ruthmann acquisition

US based Time Manufacturing has completed its acquisition of German truck and spider lift manufacturer Ruthmann - see: Time Versalift acquires Ruthmann.

Time chief executive Curt Howell said: “Ruthmann brands stand for quality and reliability, and we are delighted to partner with Ruthmann to grow our respective businesses together. Together, Time and Ruthmann offer complementary products and services which allow both companies to better serve and to meet the demands of our global customers.”

Ruthmann managing director Rolf Kulawik added: “We look forward to partnering with the Time team to realise the many opportunities that the combination offers both employees and customers alike.”
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Vertikal Comment

The completion of this transaction will now allow the two companies to start talking, sharing information and planning future strategies together. However, expect both groups to continue to operate without change. Both are well run and profitable and extremely complimentary, so unlike some acquisitions there is little to no pressure to ‘dive in’ and start changing things.

The personalities or rather the cultures of the two business and their senior managers is more long term when it comes strategy changes and planning – more evolution than revolution. So do not expect any earth shattering changes over the next few months. Possible even this year.