Time Manufacturing Company Completes Acquisition of France Elévateur
Time Manufacturing Company (‘Time’) has completed its acquisition of
France Elévateur (‘FE Group’),
a leading European manufacturer of aerial work platforms.
Time is a global manufacturer of aerial
lifts primarily for the electric utility, telecommunications, infrastructure,
and forestry sectors. Time currently goes to market with the Versalift,
BrandFX, Aspen Aerials, Ruthmann, Steiger, Ecoline & Bluelift brands.
France Elévateur, founded in 1984, is a European manufacturer of Aerial Work
Platforms (AWP) located in Flavigny-sur-Moselle, France. Now known as the FE
group, the company is composed of France Elévateur, FE Benelux, FE Deutschland,
and Movex, with regional sales and service organizations that together serve
surrounding national markets.
Movex began upfitting work trucks in 1980
and was wholly acquired by France Elévateur in 2021. The company has production
facilities near Barcelona and exports to more than 20 countries. As a well-known Spanish aerial lift brand,
Movex provides a bridge of entry into the Spanish market for both Time
Manufacturing Company and FE Group products and services.
Curt Howell, CEO of Time Manufacturing
Company commented, ‘The France Elévateur acquisition
represents a meaningful step forward in our global growth plan by adding more
than 450 experienced professionals, a world-class regional product line, and
over a dozen facilities across France, Belgium and Spain. Leveraging our
existing reach in Austria, Denmark, France, Germany, Italy, Sweden, and
Switzerland, The FE Group improves our reach in the important national markets
of Belgium, Netherlands, Luxembourg, Ireland, Eastern France and Spain.’
The acquisition of France Elévateur is a
significant step forward for Time Manufacturing Company in developing a robust
sales and service network that supports the specialized access needs of
telecommunications, electric utility and other essential end customers around
the world. Time has international operations across the European continent, and
North and South America, which each represent remarkable opportunities to
expand and promote France Elévateur brands to a broader global audience.