Time Manufacturing Company completes the acquisition of France Elevateur

WACO, TX, June 24, 2022 /PRNewswire/ — Time Manufacturing Company (“Time”) has completed the acquisition of France Elévateur (“FE Group”), one of Europe’s leading manufacturers of aerial work platforms.

Time is a global manufacturer of aerial work platforms primarily for the power, telecommunications, infrastructure and forestry industries. Time is currently passing in the market with the brands Versalift, BrandFX, Aspen Aerials, Ruthmann, Steiger, Ecoline and Bluelift. France Elévateur, created in 1984, is a European manufacturer of Aerial Platforms (PNA) located in Flavigny-sur-Moselle, France. Now known as the FE Group, the company is made up of France Elévateur, FE Benelux, FE Deutschland and Movex, with regional sales and service organizations that together serve the surrounding national markets.

Movex began equipping work trucks in 1980 and was fully acquired by France Elévateur in 2021. The company has production facilities nearby Barcelona and exports to more than 20 countries. As a well-known Spanish brand of aerial lifts, Movex provides a gateway into the Spanish market for the products and services of Time Manufacturing Company and FE Group.

curt howelCEO of Time Manufacturing Company, said, “The acquisition of France Elévateur represents a significant step forward in our global growth plan by adding more than 450 experienced professionals, a world-class regional product line and more than a dozen facilities through France, Belgium and Spain. Leveraging our existing reach in Austria, Denmark, France, Germany, Italy, Swedenand SwissThe FE Group enhances our reach in important national markets for Belgium, Netherlands, Luxemburg, Ireland, East of France and Spain.”

Charles GoffinCEO of France Elévateur, added: “Time Manufacturing Company is definitely the best possible partner for France Elévateur. Both companies have a long history and solid reputation for excellence in research and engineering in the aerial work platform industry, and they complement each other both geographically and geographically. The entire FE Group team supports this transaction. Our current customers will immediately benefit from more options for higher access elevators, and Time Manufacturing Company customers will benefit from our broad service footprint.

Kim Bach JensenPresident of Time Manufacturing Europe, said: “We are pleased to welcome France Elévateur and Movex to the Time Manufacturing Company group of brands. We believe that our companies share a philosophy centered on customer service and benefit from a compatible product offer. knowledge, qualified personnel and global distribution will strengthen us in the future. We are aligned to support our mutual customers and their need for excellent solutions.

The acquisition of France Elévateur is a significant step forward for Time Manufacturing Company in developing a strong sales and service network that supports the specialized access needs of telecommunications, electric utilities and others. key end customers worldwide. Time has international operations across the European continent, and North and South Americawhich each represent remarkable opportunities to develop and promote the France Elévateur brands to a wider global audience.

Media Contact: Brent Shepherd[email protected]

Time Manufacturing Company is a global manufacturer of vehicle-mounted aerial work platforms, including bucket trucks, excavator derricks, cable layers, truck bodies, buckets and other specialized equipment for electric utilities, telecommunications, bridge inspection, maintenance of trees and other industries supported by fleets. Through the Versalift, BrandFX, Aspen Aerials, Ruthmann, Steiger, Ecoline, Bluelift, Movex and France Elévateur brands, the company provides equipment to cooperatives, municipalities, government agencies and businesses through its global network of facilities and distributors. Time Manufacturing Company now employs more than 2,600 associates worldwide.

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