Equipments Lourds Papineau Inc. (ELP) is a leading manufacturer of heavy automotive equipment and attachments for snow removal and road maintenance. Headquartered in Saint-André-Avellin, Quebec, Canada, the company looks back on a history of over 20 years and has established its reputation as a provider of sophisticated technical solutions of high quality. For the Aebi Schmidt Group, this acquisition represents an ideal addition to the product portfolio and the expansion of its position in North America. Specifically, with ELP, the Aebi Schmidt Group now covers an important market segment in which the Group has had limited presence up to now.
"ELP fits perfectly into our Group," says Barend Fruithof, CEO of the Aebi Schmidt Group. "The company is strongly positioned and operates successfully, and it has a strong focus on customer needs. Additionally, ELP gives us direct market access to customers in Canada, which we have served only indirectly so far. These are all central components of our growth strategy".
For the time being, ELP will continue to operate as an independent brand, under its current management and with its complete existing workforce. The CEO of ELP, Jean-Francois Hotte, is convinced: "As part of the Aebi Schmidt Group, ELP can further develop and grow. With the huge product range and the full-service approach of the Aebi Schmidt Group, we can serve our customers in Canada even better and more comprehensively."
The acquisition has been closed; the terms of the agreement remain confidential.