Auger Torque under new ownership
Kinshofer GmbH from Germany and Auger Torque Europe Limited announced today that they have signed a definite agreement to merge. Under the terms of the agreement Kinshofer have acquired 100% of the shares of Auger Torque Europe Ltd. and Auger Torque Australia Pty Ltd.
For over 40 years, Kinshofer has been a leading manufacturer of attachments for truck mounted cranes and excavators, consistently developing its product range in both, the crane and excavator markets to become a competent partner for OEM’s and OED’s. Previous acquisitions of Demarec B.V. (Holland), Aponox OY (Finland) and RF System AB (Sweden) were other important milestones of this development.
With the backing of Kinshofer, Auger Torque will continue to develop as a separate business and brand delivering market-leading products, pricing and service. The staff, locations and product range will not change and Auger Torque founder, Alister Rayner, will continue to be involved in the business.
This is an exciting development for everyone at Auger Torque and provides the company with the ability to continue the impressive sales growth by developing new products and markets globally.