Stevens Group acquires Lincom NZ
“THE PURCHASE OF THE LINCOM NZ BUSINESS FITS PERFECTLY with our aspirations to grow our already successful machinery and equipment business into the quarry, mining, and recycling sectors. The two businesses share many synergies,” says Stevens Group General Manager, Ken Johnston.
Effective from 11th November 2022, Stevens Group has purchased Lincom NZ – the New Zealand subsidiary of Lincom Group. With its hand in forestry including roading and wood chippers, the transaction includes all machines and parts stock, and the sales rights to the brands represented by Lincom NZ, including Powerscreen, Terex Washing Systems, Pronar, Anaconda, Rapid International, and Kiverco.
Third-generation family-owned, established in 1974, Mr Johnston adds, “All the Lincom NZ staff coming across to Stevens Group was a key part of the transaction for us because good people are everything. My Team and I are confident that the same timeless three rules that Dad and Grandpa instilled into the business over the past 48 years will help the brands take a fresh burst of energy in the New Zealand market, namely:
You must have parts on the shelf in NZ when you are at the bottom of the world.
You can’t sell from an empty barrow.
Look after the customer and he will look after you”.
Lincom Group Chief Executive Officer, Stephen Watterson, comments, “The acquisition of Lincom NZ by the Stevens Group strengthens their market offering and will position them as the market leader for crushing, screening and materials handling equipment in New Zealand. Both companies share a common vision, and the Stevens Group have some great growth plans ahead. This acquisition is part of their platform to expand into other developed markets.”