Kentucky Trailer announced today the acquisition of Smit Mobile Equipment Company, a leading European provider of advanced mobile medical trailers and relocatable solutions.
Smit comprises two separate business units: Smit Mobile Medical B.V. in the Netherlands, and Smit Mobile Equipment (UK) Ltd., based in the United Kingdom. By bringing both units, (as "Smit") under the umbrella of Kentucky Trailer, the company hopes to expand its mobile medical footprint with an eye on international markets.
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For Charles Ducas, senior vice president of sales and marketing and GM of specialty vehicles for Kentucky Trailer, the two companies were an "exact match" involving business partnerships going back over two decades, (namely, between Smit and Bob Bachman, president of Advanced Mobility by Kentucky Trailer).
"We're investing to build a platform and business model that's going to provide global solutions to both our OEM and our shared medical service providers," Ducas told HCB News, referring to the company's primary customer base.
"As a company that traces its roots back to 1750, it is very exciting for Smit to become part of a company that has its own long and accomplished history, that shares our dedication to excellence in all aspects of product design, manufacturing and customer service. We are excited to combine the strengths of our businesses and capitalize on the significant opportunities resulting from this transaction," said Gerben Smit, president and CEO of Smit, in a statement.
For Kentucky Trailer, this acquisition fits in with a 10 year plan of balancing organic growth with new acquisitions, according to Ducas. The merging with Smit also provides the company with what he called, "a very effective base to service Europe and other parts of the world."
Last year, Kentucky Trailer completed acquisition of Advanced Mobility & Shelter Technologies LLC, which could be seen as a first step toward this current announcement.
The company is currently undergoing expansion into a new 75,000 square foot facility to triple its manufacturing space.
Recapping these announcements in a memo addressed to its customers, Kentucky Trailer acknowledged the changing climate for mobile medical solutions. "For those who endured the severe and sustained market downturn that began in 2007, it appears that our patience is finally being rewarded. To us, it feels like the market rebound may be returning with the same velocity as it contracted beginning in 2007."