Arden Equipment in ‘dynamic’ acquisition
23 March 2022
French attachment specialist Arden Equipment says it is “accelerating its external growth strategy” after acquiring of IEV (Intercontinental Equipement Verdun), which manufactures products including buckets and accessories for loaders and excavators.
Arden, which also said the move “demonstrates its dynamism and its desire to strengthen its leadership in the attachments market”, added that the complementary nature of the technical know-how in the two companies had driven its purchase of IEV.
“This acquisition is a major strategic step forward for the Arden Equipment to consolidate its prime position as an attachment manufacturer at the national level and establish itself as a leader internationally,” said CEO Xavier Pingret.
Sales and marketing director Daniel Dupuy commented: “IEV’s reputation is well established and is perfectly positioned to complement the premium product ranges manufactured by Arden Equipment.”
Based in Charleville-Mezières in the north of France, Arden serves the public works and bulk recovery sectors as well as demolition and recycling, operating seven subsidiaries in Europe and the USA.