Vermeer acquires ownership interest in Vac Truck

Vermeer and Vac Truck Industries will partner on in-country manufacturing, branding, sales and support of vacuum trucks, jetter systems, suction trucks and customized solutions. (Photo: Vac Truck Industries)

Vermeer Corp. announced it has taken an ownership interest in Vac Truck Industries (VTI), a Queensland, Australia-based manufacturer of specialized vacuum trucks.

VTI was founded in 2017 and serves the civil construction, oil and gas, electrical, infrastructure, mining and drilling markets. Since its inception, it has grown to approximately 45 employees focused on sales, design, fabrication and assembly, along with aftermarket support for the broader vacuum excavation industry.

With the acquisition, Vermeer and VTI will now partner on current in-country manufacturing, branding, sales and support of vacuum trucks, jetter systems, suction trucks and customized solutions.

Doug Hundt, president of Industrial Solutions at Vermeer Corp., described the move as “an exciting opportunity to work with a team focused on the unique solutions needed in the Australian and New Zealand markets” and to deliver products trusted and with recognized accreditation in the region. “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.”

The two companies share key core values, stated Matt Clough, a founder of VTI and the company’s CEO, adding that the acquisition will enable VTI “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.”