Altec acquires Teupen

Altec has acquired Germany-based spider lift manufacturer Teupen Maschinenbau. 

The acquisition by US-based vehicle mount producer Altec will allow the company to expand its footprint worldwide and provides a complementery offering to its line of products and services, which are designed for the utility, telecommunications, tree care and lights and signs markets.

Martin Borutta, who owned Teupen before the sale, will continue to oversee the business. It is also understood that before the deal was signed Teupen bought back the stake that Dingli had made in the company in 2020. 

As well as its manufacturing headquarters in Germany, Teupen has a US stock and service base in Charlotte, North Carolina. “Altec is excited to be offering the Teupen product to customers across several of the company’s core industries,” said Paul Crane, Managing Director of Altec Worldwide. “These products are designed with best-in-class reliability, durability and versatility in mind. They will allow us to provide our customers with a new type of equipment while still receiving the outstanding Altec experience they know and expect.”