Topcon Positioning Systems announced that its longtime distribution partner, The Brandt Group of Companies, has reached an agreement with U.S.-based Ultara Holdings Inc. to acquire the Canadian assets of GeoShack Inc. and Inteq Distributors, subject to due diligence, effective June 1.
Jamie Williamson, Topcon executive VP and GM of the Construction and Retail groups, said, “I am very excited with the additions of Ontario and Quebec to Brandt operations. With a wealth of experience in service and support, as well as training second to none, Brandt will be perfectly positioned to provide locally based, regional, national and multinational clients with the complete portfolio of Topcon Construction and GeoPositioning offerings — now, coast to coast.”
GeoShack is the longtime supplier for Topcon Positioning Systems equipment in Ontario, providing sales, service, and rentals of GPS, lasers, survey equipment, and more for the construction, survey, engineering, and agricultural industries. The company also delivers comprehensive machine control solutions for all OEM construction and forestry equipment brands.
Inteq Distributors is a complementary business with a Canadian distribution center in Exeter, Ontario, that sells and services an extensive selection of construction instruments, optical equipment, survey supplies and accessories.
In combination with Brandt’s pre-existing Topcon footprint in Western and Atlantic Canada, these additions will give Brandt a comprehensive retail footprint to supply premium geopositioning equipment to Canadian construction and forestry contractors, engineering firms and survey companies and will further establish the firm’s position as a premier privately held Canadian company.
The agreement is expected to close on June 26, 2020.Tags: mergers and acquisitions, Topcon