Time Manufacturing Company to acquire Ruthmann, including Steiger, Ecoline, and Bluelift brands

By MEq January 7, 2021 16:55

Time Manufacturing Company (“Time”) has agreed to acquire Ruthmann, a manufacturer of aerial work platforms based in Germany. Time is a global designer, manufacturer, and distributor of aerial lifts primarily for the electric utility, telecommunications, infrastructure, and forestry sectors.

Time goes to market via several brands, including the Versalift line of aerial lifts and digger derricks, the Aspen Aerials line of under-bridge inspection units, and the BrandFX line of fiberglass truck bodies.

Headquartered in Gescher-Hochmoor, Germany, Ruthmann has a long history of manufacturing high-quality, truck-mounted aerial work platforms in Europe, going to market under the brands Ruthmann, Steiger, Ecoline, and Bluelift. The transaction is subject to regulatory clearance and is expected to close in Q1 2021.

The acquisition of Ruthmann by Time Manufacturing Company will include all brands and subsidiaries, as well as distribution relationships. There are no planned changes to the staffing of manufacturing, distribution, or customer service operations.

Time Manufacturing brands Versalift, Aspen Aerials, and BrandFX and Ruthmann brands offer complementary products and services, and this acquisition allows both companies to better serve customers on both continents.