Vermeer acquires ownership interest in Vac Truck Industries

Vermeer acquires ownership interest in Vac Truck Industries
Vermeer Corporation announces they have taken an ownership interest in Vac Truck Industries (VTI), based in Arundel, Queensland, Australia.

Vermeer Corporation and VTI will partner together with current in-country manufacturing, branding, sales and support of innovative vacuum trucks, jetter systems, suction trucks and customized solutions.

VTI was founded in 2017 and is currently under the leadership of Matt Clough, Ned Popovic and James Hennessey. VTI serves the markets of civil construction, oil and gas, electrical, infrastructure, mining and drilling. Since inception, the organization has grown to approximately 45 employees focused on sales, design, fabrication and assembly, along with aftermarket support for the broader vacuum excavation industry.

“This is an exciting opportunity to work with a team focused on the unique solutions needed in the Australian and New Zealand markets with products that meet the most trusted and recognized accreditation in the region,” said Doug Hundt, president of Industrial Solutions at Vermeer Corporation, “Vac Truck Industries is known for their market-leading products, high levels of quality, excellent customer support and outstanding team, and we are excited to partner with them.”

“What we love most about this partnership is that Vac Truck Industries and Vermeer share key core values,” said Matt Clough, a founder of VTI and the company’s CEO. “We are excited to continue working in the business to serve and support our valued customers while also being able to focus on long-term planning and growth.”

Together, Vermeer and VTI will build on each other's expertise to drive innovation in the hydro-excavation markets into the future.

About Vermeer

Vermeer delivers a real impact on the way important work gets done through the manufacture of high-quality agricultural, underground construction, surface mining, tree care and environmental equipment. With a reputation for being built tough and built in a better way, Vermeer equipment is backed by localized customer service and support provided by independent dealers around the world. To learn more about Vermeer, products, the dealer network and financing options, visit vermeer.com.

About VTI

VTI is a proud Australian manufacturer headquartered on the Gold Coast, Queensland. VTI has quickly become recognized for its leading manufacturing practices, delivering Australian-made specialized vacuum trucks to diverse industries. VTI purpose-built vacuum trucks include hydro-excavation vacuum systems (vac trucks), high-pressure hydro-drain cleaning jetter systems and liquid waste collection systems (sucker trucks), all available in a broad range of volume sizes and power capacities. To learn more about VTI products, visit vti.com.au.

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