Vermeer buys minority share of MultiOne

By Riley Simpson01 February 2021

Vermeer has purchased a minority equity investment in MultiOne and will now sell its machines through its dealers worldwide

Vermeer Corp has acquired a minority shareholding in MultiOne, the Italian maker of compact articulated loaders, and will now sell the machines through its dealers worldwide.

MultiOne will continue to sell loaders under its own brand outside North America through its existing distribution partners.

The move follows last year’s distribution agreement between the two companies under which MultiOne supplied its loaders with Vermeer-branding for sale by Vermeer dealers in North America and the Caribbean.

Pella, Iowa-based Vermeer said the agreement was so successful that the distribution of loaders – featuring the Vermeer name and produced by MultiOne – will now expand to Vermeer dealers worldwide in 2021.

Doug Hundt, president of Vermeer Industrial Solutions, said the worldwide demand for compact loaders is growing and that his company is “excited to take our partnership with MultiOne to this next level.”

“The demand for compact loaders is growing worldwide, and this puts Vermeer in a great position ...to help our customers reduce their labor needs and get more important work done.”

MultiOne will continue under the leadership of Fiorenza Carraro and Stefano Zanini, with holding company Lifco taking on majority ownership. Its main operations and manufacturing base will remain in Vicenza, Italy.

Vermeer’s minority equity investment also comes on the heels of the company’s acquisition of electric-powered horizontal directional drilling and fluid systems technology from Netherlands company Normag in December 2020.

Meanwhile, Vermeer has sold its forestry mulcher product line to Fecon LLC. Alongside the sale, the two have agreed a global distribution agreement that will be rolled out this year and is intended to provide Vermeer dealers access to an extensive line of mulching equipment. No financial details were provided.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Demolition & Recycling International Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Hear about 300-metre stack demolition at WDS 2021
World Demolition Summit conference programme to include US Widows Creek fossil plant project
Billion-plus UK demolition framework announced
National provider Pagabo issues prior information notice for four-year, £1.56 billion framework
Oakwood Demolition in site clearance works for HS2
UK company chooses the PowerLatch coupler from Miller for Euston Station project
CONNECT WITH THE TEAM
Steve Ducker Editor, Demolition & Recycling International Tel: +44(0) 1892 786 210 E-mail: steve.ducker@khl.com
Bridget Leary Sales Manager Tel: +44 (0) 1892 786 220 E-mail: bridget.leary@khl.com
CONNECT WITH SOCIAL MEDIA