Ponsse Plc has completed an asset item transaction related to its business activities in Oregon. On 7 August 2023, Ponsse announced that it has signed a deed of sale, in which it undertook to sell its maintenance service operations in Coburg, Oregon, in the US to PacWest Machinery.
The transaction included the service centre in Coburg and its machine and spare parts stocks owned by Ponsse North America, Inc, Ponsse’s subsidiary in the US. At the same time, Ponsse North America Inc. signed a retail agreement with PacWest.
The conditions set for completing the transaction have been met, and the transaction was completed today. PacWest will be responsible for the sale and maintenance of PONSSE forest machines in the states of Oregon, Washington and Idaho on the West Coast of the United States. Ponsse North America Inc. continues to provide PONSSE sales and service in the other states together with its other retailers Chadwick-BaRoss Inc and Kleis Equipmentin LLC. Ponsse ensures the positive continuation of local business activities in close cooperation with PacWest employees and regional customers.
The transaction price was not made public by the parties’ mutual agreement, and the price has no impact on the measurement of Ponsse’s value.
Ponsse Plc is a company specialising in the sales, manufacture, servicing and technology of cut-to-length method forest machines.
