Time Manufacturing Company (Time), a global manufacturer of aerial lifts primarily for the electric service, telecommunications, infrastructure and forestry sectors, announced it has completed its acquisition of Ruthmann, a European manufacturer of aerial work platforms.
Based in Gescher-Hochmoor, Germany, Ruthmann has a long history of manufacturing high-quality truck-mounted aerial work platforms in Europe, which are marketed under the Ruthmann, Steiger, Ecoline and Bluelift brands.
“The Ruthmann brands stand out for their quality and reliability, and we are delighted to partner with Ruthmann to grow our respective businesses together,” said Curt Howell , CEO of Time Manufacturing Company. “Together, Time and Ruthmann offer complementary products and services that enable both companies to better serve and meet the demands of our global customers.”
“This acquisition brings together two complementary work truck and high-access equipment manufacturers, expanding our product offerings and better serving our customers,” said Rolf Kulawik , managing director. “We look forward to partnering with the Time team to take advantage of the many opportunities the combination offers both employees and customers.”
The Ruthmann acquisition is an important step forward for the Time Manufacturing Company in developing a robust product line that supports the many specialized access needs of telecommunications, electric service and other essential end customers around the world.
Time has international operations that represent a significant opportunity to expand and promote the Ruthmann brands to a broader global audience.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.