FLEETS

Force grows for Emeco

Australian equipment supplier Emeco has inked a A$70 million (US$54 million) deal to acquire rental and maintenance group Force Equipment

Staff reporter
Force grows for Emeco

The acquisition is expected to double Emeco’s footprint in Western Australia, where both companies are headquartered. The buy follows a double merger with Orionstone and Andy’s Earthmovers.

Emeco will add 179 machines to its fleet with its Force purchase, giving it a new total of 897 units. 

According to Australian media, Force – which supplies Caterpillar equipment mainly to gold and iron operations – had a fiscal 2016 net profit of $5.5 million from revenues of $86 million – with both figures down year-on-year.

Last fiscal year, Emeco’s net loss of $180 million, tightened up from the prior year’s net loss of $225 million. At that time, executives said the company would be pursuing opportunities for consolidation. 

The transaction is expected to be completed by the end of this month.

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