February 5, 2021
Vermeer
Vermeer has taken its agreement with
MultiOne to the next level, purchasing a minority equity share in the Italian OEM.
Under the expanded agreement, MultiOne will continue to manufacture Vermeer-branded compact articulated loaders to be sold within Vermeer s dealer network. However,
while the previous agreement was limited to North America and the Caribbean, Vermeer will now sell these MultiOne-built loaders at its locations around the world.
Outside of North America, MultiOne will continue to provide blue, MultiOne-branded loaders through its existing distribution partners.
“We are excited to take our partnership with MultiOne to this next level,” says Doug Hundt, president of Vermeer Industrial Solutions. “The demand for compact loaders is growing worldwide, and this puts Vermeer in a great position with a lineup of proven products, attachments and dealers to help our customers reduce their labor needs and get more important work d
Vermeer
On the same day that Fecon LLC announced it had purchased the Vermeer forestry mulcher product line, Vermeer announced it has made a minority equity investment in a leading supplier of compact articulated loaders.
On February 1, Fecon announced it has acquired Vermeer’s forestry mulcher products - including the model FT100 and FT300 mulching tractors – as well as established a global distribution agreement with Vermeer on a controlled basis throughout 2021. The agreement will give Vermeer dealers access to a product line that incorporates the combined technologies of both companies.
“Adding Fecon engineering and technology will make it easier for customers to buy the equipment best suited to their needs,” stated Bob Dieckman, CEO, Fecon LLC. “With their extensive coverage and high standard of customer support, as well as the professional and strategic Vermeer sales organization, we are certain that both organizations will benefit from the partnership.
Vermeer Invests in Loader Maker MultiOne constructionequipment.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from constructionequipment.com Daily Mail and Mail on Sunday newspapers.
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By Mike Brezonick01 February 2021 In one of two moves announcd Feb.1, Vermeer said it has purchased a minority equity investment in MultiOne, which for the last year has supplied Vermeer-branded loaders for Vermeer dealers.