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Vermeer Corporation acquires Normag electric HDD technology · Endata

◂ Announcements

Industrial Machineryworld trade 2024+4.5% 5Y CAGR

Oct 31, 2024ACQUISITIONGoes, Netherlands, Netherlands

Vermeer Corporation acquires Normag electric HDD technology

Vermeer Corporation has acquired the rights to develop, manufacture and distribute Normag's fully electric horizontal directional drill rigs, generator sets and fluid management systems. The technology will be moved to Vermeer's EMEA headquarters in Goes, Netherlands.

Status

Announced

Productselectric horizontal directional drill rigsgenerator setsfluid management systems

CompaniesVermeer Corporation acquirer Normag target

Sectors#Industrial Machinery

“This investment critically supports our innovation and product development focus to continually help customers optimize their worksite efficiency, while limiting environmental impact.”vermeersoutheast.com

1 source
vermeersoutheast.comVermeer Corporation Acquires Electric Horizontal Directional Drill and Fluid Management TechnologyOct 31, 2024

Summarized from public sources; check the original articles before acting on it.

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