Houston, Texas-basedStewart & Stevenson Services
has acquired the outstanding shares of Automotive Technik Holdings Limited (ATL), the United Kingdom-based manufacturer of the Pinzgauer light utility vehicle, for £25 million.
The Pinzgauer vehicle is generally regarded as the most advanced and mobile light utility vehicle in its class with an installed base of over 30,000 vehicles. ATL began manufacturing the vehicle in the late 1990s in
In addition to the standard 4 X 4 and a 6 X 6 configuration, ATL recently added a new Pinzgauer X-M (X-treme Mobility) model and an armoured 6 X 6 variant.
ATL has won major contracts in competitive tenders from the UK Ministry of Defence and the New Zealand Ministry of Defence, and is involved in a number of additional programs worldwide.
In addition to the Pinzgauer manufacturing operations, ATL has a division that specialises in development, test and applications engineering activities and a specialist equipment fabrication and body building operation. Both the engineering and fabrication units currently support the Pinzgauer manufacturing operations as well as external military and civilian customers.
“The opportunity to integrate ATL within Stewart & Stevenson, one of the world's leading military vehicle manufacturers, and benefit from their operational and financial strength, will provide our company with unique opportunities that will continue to build upon the important progress we have made," remarked Automotive Technik's Chief Executive, Alan Stanley.
The Pinzgauer light tactical vehicle will join Stewart & Stevenson's line up of medium tactical vehicles (MTV) which it has produced for the US Army since 1991. The MTV range, which includes 2.5-ton and 5-ton trucks in more than 15 variants, is produced in Stewart & Stevenson's facilities in Sealy, TX. The company has produced over 26,000 MTV vehicles, which are in service around the world.