TVH acquires IPS
By Euan Youdale14 August 2019
TVH Parts Holding (TVH) has acquired UK-based Independent Parts & Service (IPS), a dealer in replacement parts for MEWPs and outrigger pads.
IPS, until now part of the IAPS group, which includes the Access Platform Sales (APS) division, was established in 2001 in Telford, UK, and mainly targets the UK market. With this acquisition, TVH said it significantly increases its technical knowledge and commercial reach in the UK.
For the time being, TVH and IPS will continue to work as usual, while making the necessary preparations for further collaboration and integration. Kevin Shadbolt, managing director of IPS and previous IPS co-owner, will continue to manage IPS and grow the MEWP parts range within TVH UK. Shadbolt said, “We’re welcoming the acquisition, as it brings clear opportunities and benefits for both our customers and the IPS team. Our meetings with the TVH team are very constructive, and I am looking forward to an ambitious future together.”
Prior to the acquisition of IPS in the UK, TVH Parts acquired IPS France, in 2014, and IPS Australia, in 2015. With the acquisition of IPS UK, Dominiek Valcke, CEO of TVH Parts, said he is confident TVH’s customer service will be improved beyond its existing high level. “We are very proud that the IPS team is joining TVH Parts, and we are convinced that through the acquisition of IPS, we will significantly strengthen our technical expertise and commercial knowledge in MEWP replacement parts. As a group, we will be able to offer our customers better technical knowledge and support as well as a more extensive product portfolio.”