Skyjack Finalizes Acquisition of Volvo’s Material Handling Equipment Business

Skyjack Inc., a Linamar company last week announced it has finalized its purchase agreement and acquired Volvo’s material handling equipment business based in Shippensburg, Pa.

Early in March, Linamar announced it had an interest in acquiring Volvo’s material handling equipment business by entering into discussions relating to the purchase of selected assets of Volvo’s Material Handling Equipment Business purchase agreement.

Skyjack’s interest in the Volvo MHE business complements the acquisition of Carelift Equipment completed in August of 2007. This acquisition will further expand Skyjack’s telehandler product offering, add a rough-terrain straight mast forklift product and provide additional manufacturing capacity to further the company’s growth potential.

“We are very pleased to see the acquisition come to completion,” said Ken McDougall, president Skyjack Inc. “Over the next several months Skyjack will continue to work closely with the existing dealer networks with a commitment from Volvo to assist us during the transition period.

“We will be moving the assets from their current location in Shippensburg to a yet-to-be-determined site in rapid fashion, in order to bring production online in as timely a manner as possible.”

Skyjack is based in Guelph, Ontario, Canada.