Vermeer Corporation has acquired an ownership interest in an Australian manufacturer of specialised vacuum trucks
Global manufacturer of industrial and agricultural machines Vermeer Corporation has announced it has taken an ownership interest of Gold Coast-based Vac Truck Industries (VTI), an Australian manufacturer of specialised vacuum trucks.
Vermeer Corporation and VTI will partner together with current in-country manufacturing, branding, sales and support of vacuum trucks, jetter systems, suction trucks and customised solutions.
Founded in 2017, VTI serves a variety of sectors including civil construction, oil and gas, electrical, infrastructure, mining and drilling.
Since its inception, it has grown to approximately 45 employees focused on sales, design, fabrication and assembly, along with aftermarket support for the broader vacuum excavation industry.
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“This is an exciting opportunity to work with a team focused on the unique solutions needed in the Australian and New Zealand markets with products that meet the most trusted and recognised accreditation in the region,” Vermeer Corporation industrial solutions president Doug Hundt says.
“Vac Truck Industries is known for their market-leading products, high levels of quality, excellent customer support and outstanding team, and we are excited to partner with them.”
VTI founder and current CEO Matt Clough says both businesses share key core values, which is what he loves most about the partnership.
“We are excited to continue working in the business to serve and support our valued customers while also being able to focus on long-term planning and growth,” he says.