Arden Equipment consolidates its growth strategy with the acquisition [...]
Published 19/4, 2022 at 09:12Arden Equipment consolidates its growth strategy with the acquisition of Intercontinental Equipment Verdun (IEV)
Arden Equipment is accelerating its external growth strategy and has announced the acquisition of IEV, a specialist in the manufacture of buckets and accessories for loaders and excavators, cable and hydraulic skips, as well as dragline buckets, dredging clamshells or grading blades. With this new acquisition, Arden Equipment aims to demonstrate its dynamism and its desire to strengthen its leadership in the attachments market.
Due to the complementarity of their technical know-how, the takeover offers both Arden Equipment and IEV new prospects for industrial and commercial synergies. “This acquisition is a major strategic step forward for Arden Equipment to consolidate its prime position as an attachment manufacturer at the national level and establish itself as a leader internationally,” says Xavier Pingret, CEO Arden Equipment. “IEV's reputation is well established and is perfectly positioned to complement the premium product ranges manufactured by Arden Equipment,” adds Daniel Dupuy, sales and marketing director Arden Equipment.
