TVH to buy Pon's access and cranes business

By Maria Hadlow21 February 2011

Belgian parts specialist TVH Services is planning to acquire the crane and access sales and rental operations from Netherlands company Pon for an as yet undisclosed sum.

Access International understands that as yet the deal has not been finalised but is expected to include Gunco, Milcon and HDW.

The deal follows TVH's failed recent attempts to acquire the Lavendon Group rental business.

Gunco and Milcon are Netherlands based rental and sales companies specialising in aerial work platforms, forklifts, telehandlers and scaffolding. HDW distributes Genie in Benelux and Eastern Europe; Tuepen and Unic cranes in the Netherlands; and most recently took on the Netherlands dealership for Italy's Isoli.

As yet AI has not been able to establish how TVH will incorporate the new business into its current business structure.

TVH Services, the main business of Group Thermote & Vanhalst, is a specialist in parts and service for industrial forklift trucks. It also sells used forklifts, operating worldwide.

More recently it has moved into parts for aerial platforms and operates a mid-sized access rental operation in Belgium. Based in Waregem, Belgium, it employs 2100 people and operates in more than 160 countries.

Late last year TVH made several bids to acquire Lavendon Group, including a joint bid with Ashtead group. These bids were rejected by Lavendon's board.

Latest News
Balfour Beatty goes all electric on live site for the first time
Company trials going all-electric on Scotland-based project
Engineering consultants chosen for $700m New York transportation construction programme
Joint venture will deliver 50 infrastructure projects for New York’s Metropolitan Transportation Authority (MTA) by 2024.
Lisbon’s Tagus River gets all-electric ferry powered by ABB
The first of 10 ferries that will help Portugal reach carbon-neutrality goal