Alamo Group Inc. to acquire Dutch Power Company

Giessen, 21 February 2019 – Dutch Power Company (DPC) today announced that it has entered into an agreement for the sale of the company to the American Alamo Group Inc.

Alamo Group, quoted on the New York Stock Exchange (NYSE), designs, manufactures and distributes high-quality machinery, including a wide range of mowers for professional use. DPC also manufactures professional machines and is best known for the brands Conver, Herder, Precision Makers, Roberine and Votex.  This acquisition will expand Alamo Group’s solid market position in Europe, in particular in the Netherlands, Belgium, Luxembourg and Germany, the primary sales territory of DPC. The seamless match between the product ranges of the two companies will enable Alamo Group to offer its customers a very complete range of professional lawn mowing machinery.

Peter Mouthaan, Chief Executive Officer of DPC commented, “I am thankful and proud to have the opportunity to join a company like Alamo Group in further developing the mower market. The combination of the two companies will result in a strong position in a niche market for professional machines. The DPC brands will benefit from the extensive Alamo Group network; this offers opportunities for accelerated growth. I therefore look to the future with confidence.” Mouthaan stated that the acquisition will have no consequences for the staff at DPC. The branches in Giessen, Enschede and Middelburg will remain open. The brands marketed by DPC, Conver, Herder, Precision Makers, Roberine and Votex will continue to exist.

Ron Robinson, President and Chief Executive Officer of the Alamo Group added, “We are very pleased to have Dutch Power join the Alamo Group. The machines and autonomous engineering at DPC represent an excellent addition to the Alamo product range; the range of mowers from DPC complements and completes our product range. The acquisition should enable us to accelerate the expansion of our market position in Europe. ”