Bucket truck manufacturer Versalift parent Time Manufacturing Company announced earlier today that it has agreed to acquire Ruthmann, a European manufacturer of aerial work platforms. The deal is expected to close in Q1 2021. Ruthmann is headquartered in Gescher-Hochmoor, Germany. The company has a long history of manufacturing high-quality, truck-mounted aerial work platforms.
The acquisition of Ruthmann by Time Manufacturing Company will include all brands and subsidiaries, as well as distribution relationships. Ruthmann goes to market under the brands: Ruthmann, Steiger, Ecoline, and Bluelift. There are no planned changes to the staffing of manufacturing, distribution or customer service operations.
Time Manufacturing brands Versalift, Aspen Aerials, and BrandFX and Ruthmann brands offer complementary products and services, and this acquisition allows both companies to better serve customers on both continents.
Below are links to the official press releases, available in English, German and French languages:
We look forward to welcoming the team from Ruthmann to the Time Manufacturing Company family.