Yanmar Group has completed its acquisition of compact equipment manufacturer ASV Holdings Inc. (ASV), a manufacturer of compact tracked loaders and skid-steer loaders. The acquisition was approved at the beginning of September of this year by ASV stockholders.
Yanmar has acquired 100% of ASV’s outstanding shares of common stock for total consideration of $70.7 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.
