Bil-Jax, acquired by US subsidiary of Haulotte Group

The global access market is highly competitive and growing at a fast pace. The resulting benefits of scale along with associated capital costs for product line expansion contribute to a time of industry consolidation and convergence. Today, this market is increasingly dominated by three players. Together, Haulotte and Bil-Jax will offer a competitive choice and better fulfill the needs of customers and partners.

“We have taken the next natural step of growth and together can offer an increasingly exciting set of access solutions for consumers, while becoming better positioned to compete in the access market,” says Jeff Ott, Chief Executive Officer of Bil-Jax, Inc. “We believe this alliance with Haulotte Group will deliver superior value, better choices, and more innovation to our customers and industry partners. Additionally, it will increase products offerings and create a position outside of the US.”

“This acquisition will assist us in further developing our business,” says Alexandre Saubot, Haulotte Group, chief operating officer. “This will allow us to strengthen our worldwide position, increase our product offerings, and establish a manufacturing presence in North America.”
A press release issued by Bil-Jax states that synergies will be focused in four main areas driven by each company’s respective market position for aerial work platforms and for scaffolding and niche aerial work platforms. Both companies are currently developing a comprehensive plan focusing on the integration of the combined business. Haulotte Group anticipates that this integration will be completed at the end of year 2008.

The company says that the global access market is highly competitive and growing at a fast pace. The resulting benefits of scale along with associated capital costs for product line expansion contribute to a time of industry consolidation and convergence.