Guelph, ON — Skyjack Inc., a Linamar Company, has signed a Share Purchase Agreement regarding the purchase, by Skyjack, of CareLift Equipment Ltd., a manufacturer of telehandlers located in Breslau, Ont.
Skyjack is interested in the CareLift business as it complements the mobile industrial products business of scissor and boom lifts already produced by the company. This acquisition further expands Skyjack’s product offering and distinguishes Skyjack as a full line supplier to the equipment rental business.
“The addition of CareLift’s telehandler business along with the design and test abilities of the company opens up another large market for our Skyjack business,” said Linda Hasenfratz, Linamar CEO. “The global telehandler market is worth $3 billion and growing. CareLift’s popular ZoomBoom brand is well positioned to increase market share by utilizing Skyjack’s well established distribution network.”
CareLift designs and builds rough terrain forklifts. Its telehandler product has advanced reach and can reach heights from 32 ft to 56 ft.
The proposed transaction is subject to, among other things, further due diligence.
For more information about Linamar, visit www.linamar.com.