The Hydro Mobile restructuring process has been finalized following the AGF buyout last year. Hydro Mobile will maintain the same name and continue manufacturing mast climbing work platforms while AGF will continue to install concrete reinforcing steel and offer post-tension services.
Both Canadian companies sought the merger as a need for market expansion and financial stability in the slumping economy.
“The financial backing and contacts brought in by our new partner will allow our company to reinforce its leadership position in the market,” says Vincent Dequoy, president of Hydro Mobile.
Personnel shifts include Dequoy stepping down to focus his efforts as the sales and marketing vice-president. Current executive vice-president Benoit Duplessis will take Dequoy's position. Chad Baumgartner, currently director of business development, will focus his attention in sales and U.S. market development.
For more information visit www.hydro-mobile.com.
Brickbats compiled by editorial intern Josh Krol.
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