Spartan ERV Forms Joint Venture With Gimaex to Accelerate Global Growth and Speed-to-Market
November 12 2012 - 8:30AM
Spartan ERV (Emergency Response Vehicles), a business unit of
Spartan Motors, Inc. (Nasdaq:SPAR) and Gimaex today announced the
formation of a formal Joint Venture ("JV") to be organized under a
new Limited Liability Company incorporated in Delaware. The JV
exists to combine the complementary skills, resources and
capabilities of Gimaex and Spartan ERV on agreed projects to
develop, manufacture and distribute innovative products to Fire
Service markets in North America, South America, Asia, and Europe.
This 50/50 JV will leverage the complementary footprints,
capabilities, brands, technologies and product portfolios of the
two companies. The scope of the JV will encompass technology
sharing, joint product development, commercial agreements and
additional purchasing clout, as well as leveraging development and
build costs. Finally, Spartan and Gimaex have complementary
geographic, engineering and production footprints that will enable
both companies to amass a true global presence.
The Spartan ERV / Gimaex relationship was initially formed in
April 2012 as an alliance. The scope of the initial collaboration
included two products - TelStar and a crossover pumper. TelStar is
the largest (138 ft.) telescopic and articulated aerial platform
available in North America and is uniquely designed and engineered
with All Call capabilities. The crossover pumper is a Concept
Chassis, code named the RXO, that can fulfill both structural and
Wildland fire needs. The RXO was configured on a Renault Truck
Chassis with a Gimaex body, CAFS and a host of other market-leading
innovations which elevate the performance and safety levels
afforded the firefighter.
"We are very pleased with our combined ability to execute in the
marketplace," said Dennis Schneider, the Spartan ERV/Gimaex JV
Managing Partner and President of Spartan ER. "Just last week, we
celebrated a TelStar sales milestone in South America. This is
proof positive of our combined ability to cultivate global business
and develop market-leading technologies which deliver incremental
revenue to both companies."
The Spartan / Gimaex JV is a clear execution of
strategy. In April 2012, Spartan announced a global growth
strategy in emergency response. The corporate growth plan at
Spartan Motors consists of three elements: organic growth, growth
through acquisitions and growth through alliances/joint
ventures.
"The diversity of needs facing the global fire service continues
to increase. The combined technical competencies resident in the
joint venture will enable us to collectively provide a much broader
set of purposeful and cost-effective solutions," said Louis
Devaleix, Chief Executive Officer, Gimaex Americas. "Our combined
market knowledge and geographic footprints are remarkably
complementary and this together with the speed to market we
demonstrated in launching the TelStar leaves us very optimistic
from a business development perspective."
About Spartan ERV
Spartan ERV™ is a leading manufacturer of custom fire trucks and
other rescue vehicles. A business unit of Spartan Motors, Inc.
(Nasdaq:SPAR), Spartan ERV™ is committed to quality, performance
and innovation. Drawing on more than 130 years of excellence
in fire truck manufacturing, Spartan ERV™ manufactures a full line
of pumpers, tankers, rescues, aerials, quick-attack/urban interface
vehicles and other emergency-rescue vehicles from its facilities in
Florida, Pennsylvania and South Dakota. For more information,
visit www.spartanerv.com.
About Spartan Motors
Spartan Motors, Inc. designs, engineers and manufactures
specialty chassis, specialty vehicles, truck bodies and aftermarket
parts for the recreational vehicle, emergency response, government
services, defense, and delivery and service markets. The company's
brand names – Spartan™, Spartan ERV™ and Utilimaster® - are known
for quality, performance, service and first-to-market innovation.
The company employs approximately 1,700 associates at facilities in
Michigan, Pennsylvania, South Dakota, Indiana, Florida and Texas.
Spartan reported sales of $426 million in 2011 and is focused on
becoming a global leader in the design, engineering and manufacture
of specialty vehicles and chassis. Visit Spartan Motors at
www.spartanmotors.com
About Gimaex
Gimaex is leading manufacturer of fire apparatus. Headquartered
in Paris, France, Gimaex maintains manufacturing facilities in
France, Germany, Belgium, Turkey and Brazil. Non-manufacturing
facilities and distribution networks can be found in the USA,
China, Southeast Asia, Middle East, Oceania and Africa. The Gimaex
product portfolio of fire apparatus includes aerial devices (both
articulated and hydraulic), rear mount pumpers, wildland/forestry,
HAZMAT/NBCD (Nuclear Bacteriological and Chemical Detection), air
crash tenders, mobile command centers and rescue
vehicles. Gimaex is a privately held company with estimated
annual turnover in 2012 of $110 Million (USD). Gimaex employs over
420 associates worldwide and manufacturers over 1,000 vehicles per
annum. Visit Gimaex at http://www.gimaex.com/?Mod1=home
CONTACT: Russell T. Chick
Corporate Director of Marketing
Spartan Motors, Inc.
517.997.3852
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