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Tennant Company has signed a definitive agreement to acquire Gaomei Cleaning Equipment Company, a privately held designer and manufacturer of commercial cleaning solutions based in China.
Gaomei, a family-run business, is an established leader in the mid-tier market and offers a range of cleaning machines and equipment, including single disc scrubbing machines, vacuum cleaners, carpet extractors, blowers, high-pressure washers, sweepers, and floor scrubbers. The company, founded in 1997, has been a recognised leader in the research and development and production of small- to mid-sized cleaning solutions for commercial and industrial applications.
Commented Pat Schottler, Tennant Company Vice President, APAC: “Acquiring Gaomei is a strategic move that aligns with our growth aspirations in the China market. Over the last 21 years, Gaomei has consistently demonstrated an ability to grow and distinguish its brand in China. The acquisition will enable Gaomei and Tennant to further strengthen our position in the region by offering highly complementary product portfolios and differentiated go-to-market approaches.”
Gaomei will continue to operate and compete independently.
Tennant expects the acquisition to be completed in Q4 2018.
