Effective from 11th November 2022, Stevens Group has purchased Lincom NZ – the New Zealand subsidiary of Lincom Group. The transaction includes all machines and parts stock, and the sales rights to the brands represented by Lincom NZ, including Powerscreen, Terex Washing Systems, Pronar, Anaconda, Rapid International, and Kiverco.
Stevens Group General Manager Ken Johnston says, “The purchase of the Lincom NZ business fits perfectly with our aspirations to grow our already successful machinery and equipment business into the quarry, mining, and recycling sectors. The two businesses share many synergies. Key to us is that we only represent world-class brands and have the right people with the right knowledge to best serve the customers. The purchase of Lincom NZ achieves both of these.”
Furthermore, Stevens Group General Manager Ken Johnston states, “All the Lincom NZ staff coming across to Stevens Group was a key part of the transaction for us because good people are everything. My Team and I are confident that the same timeless three rules that Dad and Grandpa instilled into the business over the past 48 years will help the brands take a fresh burst of energy in the New Zealand market. These three rules are: You must have parts on the shelf in NZ when you are at the bottom of the world; You can’t sell from an empty barrow; Look after the customer, and he will look after you”.
Lincom Group Chief Executive Officer Stephen Watterson comments, “The acquisition of Lincom NZ by the Stevens Group strengthens their market offering and will position them as the market leader for crushing, screening and materials handling equipment in New Zealand. Both companies share a common vision, and the Stevens Group have some great growth plans in their business! This acquisition is part of their platform to expand into other developed markets.”
The transition will be seamless and easy for customers familiar with Lincom NZ and its brands. All Lincom NZ employees will retain their existing contact details. Lincom NZ General Manager Lincoln Rayner says, “We’re excited for this opportunity to join Stevens Group. As a wholly owned New Zealand company with an established staff of 30+ and a huge inventory – along with plenty of experience in customer service – this is an excellent move for us. The team was excited when they saw the Stevens Group parts facility, which is world-class and already has 20,000+ different line items. Along with their excellent in-house workshop facilities and manufacturing capability, it’s a great step forward in our ability to act quickly and help the customer”.
About Stevens Group:
Steven’s Group is a third-generation family-owned business founded in 1974 importing, distributing, and manufacturing world-class machinery throughout New Zealand. They have sold well-known machinery Brands such as Walker & Hustler mowers for over 30 years and have been a successful recycling dealer for companies such as Morbark and Doppstadt. www.stevensgroup.co.nz