Toromont acquires 60% stake in AVL Manufacturing

Toromont Industries Ltd. acquired a 60% ownership of AVL Manufacturing Inc., a leader in design and fabrication of power generation and storage enclosures based in Hamilton, Ontario. The purchase price is paid in cash and shares, with a commitment to purchase the remaining 40% by 2031.

“This acquisition adds complementary capabilities to our product and service offerings, secures supply for our Toromont Power Systems business, and provides the opportunity to expand our market to other regions.”newswire.ca

• 1 source
• newswire.caTOROMONT ANNOUNCES INVESTMENT IN AVL MANUFACTURING INC.Toromont Industries Ltd.Feb 3, 2025

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