The move will provide both the companies with complementary products and services that allow them to improve their offerings and meet escalating customer demand
Texas-based- Time Manufacturing Company has reportedly announced the completion of the purchase of European manufacturer of aerial work platform- Ruthmann. Based in Gescher-Hochmoor, Germany, Ruthmann carries a long history of developing superior quality, truck-mounted aerial work platforms across Europe which are made available in the market under notable brand names like Ecoline, Steiger, Ruthmann, and Bluelift.
Similarly, Time is a leading manufacturer of aerial lifts mainly for the telecommunications, infrastructure, forestry, and electric utility industries. The company is operational in the market through various brands such as Aspen Aerials, Versalift, and BrandFX.
In a statement, Curt Howell, CEO, Time Manufacturing Company, said that Ruthmann stands for reliability and quality. Through the partnership, both the companies will provide complementary products and services that allow both the parties to improve their offerings and meet the escalating demand of their customers.
For the record, the acquisition of Ruthmann is an integral step for the American company to develop a strong product portfolio that supports the growing technological needs of the electric utility, telecommunications, and other essential customers worldwide. Time has a robust international operation that showcases a remarkable opportunity to increase and promote the brands of Ruthmann to a wider audience.
Rolf Kulawik, Managing Director of Ruthmann, was reportedly quoted stating that the transaction aims at integrating the two complementary work trucks along with high access equipment manufacturers, increasing the product line with improving customer service.
Notably, Time Manufacturing Company will showcase its product lines across all its brands at the APEX Show in Netherlands in June 2021, and The Utility Expo in Louisville in September 2021.