RUTHMANN, headquartered in Gescher-Hochmoor in the Münsterland region with 120 years of company history, is a manufacturer of truck-mounted aerial work platforms as well as self-propelled tracked work platforms, and a European market and technology leader. The innovative height access solutions are sold internationally under the STEIGER®, ECOLINE and BLUELIFT brands and stand for unrivaled performance data and safety as well as for an entire work platform category. Thus, for many users, the RUTHMANN brand STEIGER® is synonymous with the product aerial work platform in general. The highest quality standards and the comprehensive service network ensure maximum machine availability for customers and users from a wide range of industries. With its subsidiaries in Italy, Austria, Switzerland and the USA, RUTHMANN employs more than 500 people worldwide. In the DACH region, RUTHMANN has also been distributing TIME Manufacturing Company’s VERSALIFT® aerial work platforms already prior to this transaction.
Advior International German partner DZ BANK AG, advised the shareholders of RUTHMANN, on the sale to Time Manufacturing Company, a US-based designer, manufacturer and distributor of vehicle-mounted aerial lift equipment, backed by U.S. financial investor The Sterling Group.