The Toro Company will acquire privately-held Charles Machine Works, Inc., the parent company of Ditch Witch and several other leading brands in the underground construction market. The purchase price is $700 million in cash subject to certain adjustments set forth in the definitive agreement. The transaction is subject to regulatory approvals and other customary closing conditions and is currently anticipated to close before the end of Toro's fiscal 2019 third quarter.
The Toro Company
|Address||8111 Lyndale Ave, Bloomington, MN, 55420, US|
|Phone||1 (800) DIG-TORO|
Since 1914, The Toro Company has built its reputation on providing quality products and service to the professionals who create, maintain and preserve outdoor environments. Today, professionals and contractors around the world count on Toro products to stand up to the demands of heavy use, season after season. As a leading manufacturer of turf maintenance equipment, precision irrigation solutions, concrete and compaction tools, and equipment for trenching, plowing, excavating and horizontal directional drilling, Toro products are aimed at allowing you to do your job more efficiently and profitably.
We value the trust professionals place in our people and products to meet their unique needs and deliver superior results. That’s why the Toro riding trenchers, horiztonal drills and every product that carries the Toro name also carries our commitment to quality and product excellence.
Innovations shape our world, every day in many ways, and the staff at Heavy Equipment Guide want to acknowledge their importance in the world of construction-related equipment. As a result, we have created this new annual feature. Our goal is to illustrate the range and scope of advances, from earthmoving to paving, aggregates, lift, maintenance, training, wearables and others. These innovations offer advantages from doing the job faster, more accurately, more safely, more comfortably or more efficiently, to improving maintenance or providing a better ROI. The editors' selections are drawn from our coverage during the year. The selection was not always easy as there are many worthy innovations but we hope the diversity of the ones shown provide an appreciation of the vast amounts of time and money which manufacturers spend developing innovations, large and small, that make our lives better.
Representing a continuation of 20 years of innovation in the compact utility loader (CUL) equipment category, Toro introduces the all-new Toro Dingo TXL 2000. The latest model features telescoping arms to allow the TXL 2000 to reach over obstacles, dig below grade, and generally extend the operator's working range. This equipment solution consolidates the benefits of several machines into one to perform a variety of tasks on the jobsite.
The Toro Company had announced a new partnership with Kinetic GPO, a cooperative purchasing organization established for public sector and MASH (Municipalities, Academics, School Boards, and Health and Social Services) entities across Canada.
Installation of underground infrastructure has become more challenging in today's sprawling urban centres. For many types of utility and service, the need to dig under existing roads, buildings and other obstructions has brought a growing interest in horizontal directional drilling.
Toro's Tracked Mud Buggy — the MB TX 2500 — is an innovative solution for the concrete placement, site preparation and material handling equipment categories. With the addition of this new product, Toro now offers both a wheeled version and a tracked version to meet the specific needs of a variety of segments including underground utility, earthmoving, general construction and landscaping segments.
Utility and underground contractors have a new solution to save time and streamline operations with the introduction of the innovative Toro DD2226 directional drill.
Utilities and underground industry contractors have a new tool to increase productivity with the launch of Toro’s new directional drill operating system, TDOS-1 with SmartTouch. The new system allows pipe handling functions to be performed using a single input on the joystick in SmartTouch operating mode.