TORONTO, Mar 10, 2005 (Canada NewsWire via COMTEX) -- Aberdeen Gould has successfully sold London Machinery Inc. to Oshkosh Truck Corporation.
London Machinery Inc. (www.lmi.ca) is a privately owned Canadian company celebrating 100 years (1905-2005) of business, and a leading manufacturer of truck mounted concrete mixers and related products under the brand name LONDON(R).
Oshkosh Truck Corporation (www.oshkoshtruckcorporation.com) is a leading manufacturer of specialty trucks and truck bodies for a variety of industries. Their products are marketed under the Oshkosh(R), Pierce(R), McNeilus(R), Medtec(R), Geesink, Norba, Jerr-Dan(R) and CON-E-CO(R) brand names. The company is publicly listed (NYSE:OSK) and headquartered in Oshkosh, Wis., with annual sales of US$2.26 billion in fiscal 2004.
The acquisition will provide an opportunity for Oshkosh Truck Corporation to enhance their product offering and service coverage to the Canadian market, while increasing aftermarket service for several multinational customers.
Aberdeen Gould originated and negotiated the transaction, as well as provided exclusive advisory services to the shareholders of London Machinery Inc.
Aberdeen Gould (www.aberdeengould.com) is an investment bank that specializes in mergers, acquisitions, and corporate finance. Based in Toronto, Ontario, we are part of a worldwide network of professionals throughout Canada, United States and Europe.
VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: http://www.newswire.ca/en/releases/orgDisplay.cgi?okey=24381
For further information: Roger Rosmus, President,
roger(at)aberdeengould.com, 55 St. Clair Avenue West, Suite 401, Toronto,
Ontario, M4V 2Y7, Tel. (416) 488-2887 ext. 222, Fax (416) 488-1233,
www.aberdeengould.com
News release via Canada NewsWire, Toronto 416-863-9350
