Sisu Axles Inc. Joins Marmon Highway Technologies
BIRMINGHAM, Ala. (December 19, 2011) – Marmon Highway Technologies today announced the acquisition of Sisu Axles Inc. of Hämeenlinna, Finland from Helmet Capital and minority shareholders. Terms of the sale were not disclosed.
Marmon Highway Technologies (MHT), a Berkshire Hathaway company, serves the global heavy-duty transportation industry with a broad range of innovative components and assemblies.
Sisu Axles develops and manufactures a range of exceptionally rugged and durable planetary drive axles and related aftermarket parts. The company's products are specified and sold worldwide to both military and commercial customers for use in their most severe on- and off-road applications. In the North American market, the company's products are sold and serviced exclusively by Marmon-Herrington Company, an MHT company based in Louisville, Ky.
“Sisu Axles is a great match for our organization,” MHT President Kelly Dier said. “Like our other MHT companies, Sisu Axles serves niche markets that require highly engineered designs. The strongest attraction for us, however, was the existing management team, which has earned a stellar reputation for combining innovative, practical products with responsive, flexible service. We look forward to collaborating with the Sisu Axles team in bringing creative new solutions to the heavy-duty vehicle industry.”