OSHKOSH, WI — Oshkosh Truck Corp. has signed a definitive agreement to purchase all stock and membership interests of AK Specialty Vehicles, a provider of mobile medical, homeland security command and communications and broadcast vehicles. Oshkosh will buy the business from Healthtronics, Inc. in a cash transaction worth approximately $140 million.
The acquisition is expected to further diversify Oshkosh Truck’s business in the global specialty truck industry, strengthen Oshkosh’s position within the homeland security industry for command and communications vehicles and continue its expansion in the European specialty vehicle market.
“We believe that AK Specialty Vehicles offers profitable, near-term growth prospects and is in line with our existing acquisition strategy and initiative for continued diversification within complementary markets,” said Robert Bohn, Oshkosh chairman, president and chief executive officer. “AK Specialty Vehicles and its brands are renowned and recognized leaders in their respective markets for technology integration and exceptional customer service.”
To learn more about Oshkosh Truck Corporation, visit: www.oshkoshtruckcorporation.com .
Click here to view the rest of today’s headlines.