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Stock impact report

Alamo Group Inc. Completes Acquisition Of Dutch Power Company In The Netherlands

Alamo Group, Inc. (ALG) 
Last alamo group, inc. earnings: 2/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: alamo-group.com/investor-relations
Company Research Source: PR Newswire
SEGUIN, Texas, March 5, 2019 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced that it has completed the previously announced acquisition of Dutch Power Company B.V. ("Dutch Power") in the Netherlands. The company's annual sales in 2018 were approximately US $45 million.Dutch Power designs, manufactures and sells a variety of landscape and vegetation management machines and attachments under several different brand names including Herder, Conver, Roberine, Votex and Precision Makers.  Ron Robinson, Alamo Group's President and Chief Executive Officer commented, "We are very pleased to have completed our acquisition of Dutch Power.  They have several well-respected brands and provide a range of products and market coverage that we expect will complement and enhance our platform for growth by increasing both our product portfolio and our capabilities in the European market.  We expect the acquisition to be accretive to our results in 2019."  About Alamo GroupAlamo Group is a leader Show less Read more
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