Oshkosh Truck Corporation, a leader in manufacturing specialty trucks and truck bodies, announced that it had completed the acquisition of AK Specialty Vehicles, a leader in mobile medical, homeland security command and communications, and broadcast vehicles, from Healthtronics, Inc. The transaction was completed on an all-cash basis for $140 million.
"Oshkosh has developed a decade-long record of successful acquisitions because we are selective in the acquisition process and set high expectations during the integration process. AK Specialty Vehicles and its brands are recognized leaders in their respective markets for technology integration and exceptional customer service. The company is an excellent fit with our initiative to expand within complementary specialty truck markets and to continually expand the product offering and services that we offer to existing customers. We're extremely pleased to welcome AK Specialty Vehicles and its employees to our organization," said Robert G. Bohn, Oshkosh's chairman, president and chief executive officer.
AK Specialty Vehicles markets its mobile medical vehicles under the AK Specialty brand in North America and under the SMIT brand in Europe. Front-line is the company's leading brand in broadcast vehicles and command and communications vehicles.
Sergyi Way
02.08.2006