Vermeer makes minority ownership investment in MultiOne
US-headed manufacturer of tree care, environmental, underground construction, surface mining, and agricultural equipment Vermeer Corporation (Vermeer) has announced that it has purchased a minority equity investment in MultiOne, a leading manufacturer of compact articulated loaders.
Founded in 1998, Italy-headed MultiOne s.r.l. is a leading developer and manufacturer of mini-loaders, allied equipment, and attachments for farms and property management. The investment, the value of which has not been disclosed, comes a year after Vermeer entered a distribution agreement with MultiOne to supply Vermeer-branded loaders to be sold, serviced, and supported exclusively through Vermeer dealers across North America and the Caribbean.
Building on the early success of last year’s agreement, the distribution of Vermeer-branded loaders produced by MultiOne will now expand to Vermeer dealers worldwide beginning this year. MultiOne will also continue to provide blue, MultiOne-branded loaders through its existing distribution partners outside North America.
We are excited to take our partnership with MultiOne to this next level. The demand for compact loaders is growing worldwide, and this puts Vermeer in a great position with a lineup of proven products, attachments, and dealers to help our customers reduce their labor needs and get more important work done, said Doug Hundt, President of Vermeer Industrial Solutions.
MultiOne will continue its main operations and manufacturing in Vicenza, Italy, under the leadership of Fiorenza Carraro and Stefano Zanini. Sweden-headed global holdings company, Lifco AB is taking on majority ownership in MultiOne that will be consolidated in Business Area Demolition & Tools, division Crane & Excavator Attachments.