# Time Manufacturing Company to acquire Ruthmann

Time Manufacturing Company agreed to acquire Ruthmann, a German manufacturer of aerial work platforms, including the Ruthmann, Steiger, Ecoline, and Bluelift brands. The transaction is subject to regulatory clearance and expected to close in Q1 2021.

- Type: Acquisition
- Announced: 2021-01-06
- Where: Gescher-Hochmoor, Germany, Germany
- Status: announced
- Products: aerial work platforms, bucket trucks, digger derricks
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [The Sterling Group](https://endata.com/companies/4416.md) (investor)
- [Time Manufacturing Company](https://endata.com/companies/22444.md) (acquirer)
- [Ruthmann](https://endata.com/companies/48217.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/time-manufacturing-company-to-acquire-ruthmann-including-ruthmann-steiger-ecoline-and-bluelift-brands-301201447.html), 2021-01-06: "Time Manufacturing Company ('Time') has agreed to acquire Ruthmann, a manufacturer of aerial work platforms based in Germany."
- [timemfg.com](https://timemfg.com/bucket-truck-manufacturer-versalift-parent-time-manufacturing-company-agrees-acquire-ruthmann/), 2021-01-06: "The acquisition of Ruthmann by Time Manufacturing Company will include all brands and subsidiaries, as well as distribution relationships."
- [willkie.com](https://www.willkie.com/news/2021/02/time-manufacturing-ruthmann-group), 2021-02-01: "Willkie client Time Manufacturing Company, a portfolio company of the Sterling Group, closed its acquisition of the Ruthmann Group, a manufacturer of aerial work platforms in Germany and Italy."
- [prnewswire.com](https://www.prnewswire.com/news-releases/time-manufacturing-company-completes-acquisition-of-ruthmann-301228072.html), 2021-02-15: "Ruthmann brands stand for quality and reliability, and we are delighted to partner with Ruthmann to grow our respective businesses together."
- [sterling-group.com](https://sterling-group.com/time-manufacturing-company-a-portfolio-company-of-the-sterling-group-completes-acquisition-of-ruthmann/), 2021-02-15: "Together, Time and Ruthmann offer complementary products and services which allow both companies to better serve and to meet the demands of our global customers."
- [timemfg.com](https://timemfg.com/time-manufacturing-company-continues-grow-brand-portfolio-ruthmann-acquisition/), 2021-02-15: "The acquisition of Ruthmann by Time Manufacturing Company will allow Time to significantly expand its aerial lift offerings to new geographies and new customers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.