Schaanwald, 01.06.2017 | KAISER AG has announced the 100% acquisition of Premier Oilfield Equipment based in Fort Morgan, Colorado, by way of an asset deal. This move puts KAISER AG well on its way to becoming the only manufacturer of vehicles for sewer cleaning and industrial disposal that operates on an international scale. To date in the USA, this business has always had a strong regional focus and been entirely dominated by American companies.
The vision for the new company, KAISER PREMIER, is clear: further expansion of the existing product portfolio of hydro-excavators and establishing a leadership position in the US market for recycling vehicles with KAISER technology. At the same time, the company hopes to raise the profile and expand the market presence of mobile walking excavators in the USA.
CEO Markus Kaiser expressed his delight at the successful acquisition: “Our underlying values as a family-owned enterprise along with our innovation capability remain to this day the basis for our success in the international arena. They also form the cornerstones of successful development in the future.”
Premier Oilfield Equipment.
Premier Oilfield Equipment started out as a supplier of special tanks and trailers for the oil and gas industry, but over the years shifted its focus to hydrovac vehicles. At the present time, Premier’s product portfolio consists of several suction excavator product lines. The company and its plants all lie roughly an hour’s drive from Denver, in Fort Morgan, Colorado.
Customer focus and regional support.
Premier is the fourth company set up or acquired by KAISER AG in the past 9 years. In 2008 an additional production site was built in Slovakia. The Scandinavian market leader Eur-Mark was purchased in 2011, and the well-established Italian company, Moro, was acquired in 2014.
Markus Kaiser had this to say: “We have expanded our global market position and now have 500 employees at 6 manufacturing sites. A genuine commitment to local presence continues to be a major focus. We gain international experience, but retain our regional roots.”
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