Alamo Group acquired Dutch Power Company B.V. for approximately $53 million, a transaction completed in March 2019, structured as all cash (100% of equity).
Dutch Power Company B.V. operates in Vegetation management / Europe, is based in Netherlands. Alamo acquired 100% of the equity of Dutch Power Company B.V. in the Netherlands on March 4, 2019 for about $53 million. Dutch Power designs and manufactures a variety of landscape and vegetation-management machines and attachments; it was later renamed Alamo Group The Netherlands.
Alamo said the deal expanded its existing platform and increased its capabilities in the European market.
renamed Alamo Group The Netherlands in 2021
On March 4, 2019, the Company acquired 100% of the issued and outstanding equity interests of Dutch Power Company B.V. Dutch Power designs, manufactures and sells a variety of landscape and vegetation management machines and attachments.Alamo Group Inc. FY2019 10-K, Business Combinations note
Advisory firms were not disclosed for this transaction.