Kinshofer acquires Doherty GroupPublished 22/2 at 12:48
Kinshofer, one of the world’s leading sources of high quality excavator and loader crane attachments, recently announced the acquisition of the Doherty Group, a New Zealand based excavator attachment manufacturer.
Under the terms of the agreement, Kinshofer acquired 100% of the Doherty Group. The entire Doherty management team will stay with the company, with Doherty Group co-owner and managing director, Jeremy Doherty, remaining in his post.
“Kinshofer continues its strategy of providing the industry with a ‘one-stop-shop’ solution of outstandingly engineered products to increase efficiency and, more importantly, the profitability of its customers,” said Kinshofer Group president and CEO Thomas Friedrich. “Acquiring Doherty Group was the next step in our approach to be a local manufacturer in New Zealand and Australia.”
Doherty, a family business established in 2001, focuses on developing and marketing attachments and equipment that enhance the effectiveness and versatility of carriers. This is particularly important for small and mid-sized contractors seeking high equipment utilization. The acquisition adds additional product segments to Kinshofer’s range, including quick couplers, buckets and other excavator products as well as improving Kinshofer’s distribution channels in New Zealand and Australia. Doherty will continue to develop and sell its products globally with production and sales synergies expected.