# 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.

- Type: Acquisition
- Announced: 2025-02-03
- Where: Hamilton, Ontario, Canada
- Status: announced
- Products: power generation and storage enclosures
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Toromont Industries](https://endata.com/companies/1966.md) (acquirer)
- [AVL Manufacturing](https://endata.com/companies/82713.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/toromont-announces-investment-in-avl-manufacturing-inc--832264431.html), 2025-02-03: "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."

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