Oshkosh Trucks acquires AK Specialty Vehicles
A maker of specialty vehicles for law enforcement and homeland security acquires a specialist in medical and command and control trucks to augment its offering
Oshkosh, Wisconsin-based Oshkosh Truck Corporation (NYSE: OSK), a manufacturer of specialty trucks and truck bodies, has signed a definitive agreement with Austin, Texas-based Healthtronics (NASDAQ: HTRN) to purchase from Healthtronics all the stock and membership interests of AK Specialty Vehicles, a leading manufacturer of specialty vehicles for medical and homeland security command and communications missions. The cash transaction is worth approximately $140 million.
The acquisition will diversify Oshkosh Truck’s business in the specialty truck industry, strengthen Oshkosh’s position in the homeland security industry for command and communications vehicles, and continue also to contribute to the strengthening of its position in the European specialty vehicle market.
