Vermeer Corporation has acquired an ownership interest in Vac Truck Industries (VTI), enhancing its market presence and innovation capabilities in the vacuum excavation industry in Australia.
Information on the Target
Vac Truck Industries (VTI), based in Arundel, Queensland, Australia, is a proficient manufacturer specializing in vacuum trucks and related solutions. Founded in 2017, VTI has established itself as a leader in the Australian market under the expertise of its leadership team, including Matt Clough, Ned Popovic, and James Hennessey. The company employs approximately 45 individuals dedicated to sales, design, fabrication, assembly, and aftermarket support, servicing diverse sectors such as civil construction, oil and gas, electrical infrastructure, mining, and drilling.
VTI has gained a strong reputation for its innovative products and commitment to quality, making significant strides in the vacuum excavation industry. Their specialized offerings, including hydro-excavation vacuum systems, high-pressure jetter systems, and liquid waste collection units, cater to varying client needs across multiple industries.
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Industry Overview in Australia
The vacuum excavation industry in Australia has seen significant growth in recent years, driven by an increasing demand for efficient and safe excavation techniques. This growth is largely due to the rising emphasis on minimizi
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Vermeer Corporation
invested in
Vac Truck Industries
in 2025
in a Strategic Partnership deal