Time acquires France Elévateur
25 June 2022
Time Manufacturing Company has acquired European vehicle mounted aerial platform manufacturer France Elévateur (FE Group).
France Elévateur, founded in 1984, and located in Flavigny-sur-Moselle, France, is known as the FE group, comprising France Elévateur, FE Benelux, FE Deutschland, and Spanish producer Movex, with regional sales and service organisations serving surrounding markets.
Time is a global manufacturer of aerial lifts primarily for the electric utility, telecommunications, infrastructure, and forestry sectors and includes the Versalift, BrandFX, Aspen Aerials, Ruthmann, Ecoline and Bluelift brands.
Movex is a notable aquisition as part of the FE Group, said Time, thanks to its production facilities near Barcelona and exports to more than 20 countries, the company provides a bridge into the Spanish market for both Time Manufacturing Company and FE Group products and services.
According to Time, the acquisition is a significant step forward for the company in developing a robust sales and service network that supports the specialised access needs of telecommunications, electric utility and other essential end customers around the world. Time has international operations across the European continent, as well as in North and South America, which will provide opportunities to expand France Elévateur brands to a broader global audience.
Curt Howell, CEO of Time commented, “The France Elévateur acquisition represents a meaningful step forward in our global growth plan by adding more than 450 experienced professionals, a world-class regional product line, and over a dozen facilities across France, Belgium and Spain.
“Leveraging our existing reach in Austria, Denmark, France, Germany, Italy, Sweden, and Switzerland, The FE Group improves our reach in the important national markets of Belgium, Netherlands, Luxembourg, Ireland, Eastern France and Spain.”
Charles Goffin, CEO at France Elévateur said Time was the best possible partner. “Both companies have long histories and strong reputations for excellence in research and engineering in the aerial work platform industry, and they are complementary in both geography and markets.
“The entire FE Group team supports this transaction. Our current customers will immediately benefit by having more options for higher-access lifts, and Time Manufacturing Company customers will benefit from our extensive service footprint.”
Kim Bach Jensen, president of Time Manufacturing Europe added that the companies shared a focus on customer service and a compatible product offering. “Leveraging our collective knowledge, skilled staff, and worldwide distribution will strengthen us in the future. We are aligned in supporting our shared customers and their need for excellent solutions.”
The acquisition of France Elévateur is a significant step forward for Time Manufacturing Company in developing a robust sales and service network that supports the specialized access needs of telecommunications, electric utility and other essential end customers around the world. Time has international operations across the European continent, and North and South America, which each represent remarkable opportunities to expand and promote France Elévateur brands to a broader global audience.