TVH acquires France Hayon
On November 9th the TVH Group and the shareholders of France Hayon Group signed an agreement of principle and acquisition of the shares of TVH France of the holding France Hayon Développement (FHD).
The Group includes France Hayon Développement with its three divisions, France Hayon Service, France Hayon Assistance and Manutest. The group is the French market leader in the distribution of tail lift parts of all makes, and has a significant tail lift service and training operation.
FH Service was established in 1995 and is now the leading French distributor of replacement parts for tail lifts. FH Assistance is a mobile application that links couriers and repairers with the service business. FH Développement provides training relating to the maintenance and regulatory inspection of tail lifts and loader cranes, while Manutest manages the regulatory inspections of tail lifts and loader cranes in France.
The France Hayon group is based in Châteaubourg to the west of Rennes, in Brittany and will continue operating as normal under chairman Michel Orhant and chief financial officer Patrice Bouvier, both of whom will stay on board to help build the business under its new owners. The company currently employs 19. The deal provides TVH with a significant stake in the French tail lift market.
Gonzague Leclercq, general manager of TVH France said: “As a result of this agreement TVH will immediately be acknowledged on the market as the efficient all-round partner and after-sales service suppliers for tail lifts”.
