ASV, Yanmar Announce Merger

ASV Holdings, Inc., which provides compact track loaders and wheeled skid steer loaders in the compact construction equipment market, will merge with an affiliate of Yanmar Holdings.

ASV Chairman and CEO Andrew Rooke said the merger “will create a strong platform for growth and expansion, bringing together two leading brands with similar cultures and creating value.”

Yanmar Compact Equipment will gain its only manufacturing facility in North America in Grand Rapids, Minn.