Vermeer purchases minority investment in MultiOne

By Riley SimpsonFebruary 01, 2021

Vermeer Corporation has purchased a minority equity investment in manufacturer MultiOne

Vermeer Corporation has purchased a minority equity investment in MultiOne, a manufacturer of compact articulated loaders based in Italy.

A year ago, the two companies agreed to a distribution deal, which allowed MultiOne to supply Vermeer-branded loaders to be sold, serviced and supported exclusively through Vermeer dealers in North America and the Caribbean.

The Pella, Iowa-based Vermeer said that last year’s agreement was so successful that the distribution of loaders – featuring their brand 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.”

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.

Despite Vermeer’s investment, MultiOne will remain under its current leadership in Vicenza, Italy, and global holdings company Lifco still has majority ownership of the manufacturer.

Additionally, MultiOne will continue providing blue loaders, with the company’s own branding, through existing distribution partners outside North America.

MORE ARTICLES FROM CONEXPO-CON/AGG 365 NEWS
Chevrolet reaches for cost-effective capability with the 2023 Colorado
New tunings of a Silverado-proven engine deliver towing and off-road capability that could cut the cost of some field managers’ trucks
Researchers concur: 2023 will bring construction cost relief
IHS Markit’s June cost index suggests price momentum easing, forecasts six-month slowdown up to Linesight’s 2023 price-drop forecast
Case Minotaur DL550 compact dozer loader is two machines in one
Capable of doing the work of a small dedicated dozer and a large compact track loader, this one-of-a-kind machine needs only a truck and heavy trailer to get on the job site