Herc Holdings sells Hertz China to LiuGong in move to concentrate on North American market

Marcia Gruver Doyle Pix
LiuGong’s new LSC0607DE is one of two models of scissor lifts the company introduced at the American Rental Association’s annual show in February. The new scissor lift for the North American market has a 19-foot platform height. The company also introduced a 33-foot model, the LSC1012DE, at the show. LiuGong plans to eventually roll out four scissor models for the North American rental market this year.
LiuGong’s new LSC0607DE is one of two models of scissor lifts the company introduced at the American Rental Association’s annual show in February. The new scissor lift for the North American market has a 19-foot platform height. The company also introduced a 33-foot model, the LSC1012DE, at the show. LiuGong plans to eventually roll out four scissor models for the North American rental market this year.
LiuGong just introduced its scissor aerial lifts to North America, part of its global rental thrust, which now includes the acquisition of Hertz China.LiuGong just introduced its scissor aerial lifts to North America, part of its global rental thrust, which now includes the acquisition of Hertz China.

Herc Holdings has sold all of its interest in Hertz Equipment Rental (also known as Hertz China) to Guangxi LiuGong Machinery, a move it says will help it focus on the North American market.

Pending approval of government authorities in China, the deal is expected to close in 60 days.

“The sale of our business in China completes the disposition of all of our international operations to better focus on the North American market,” says Larry Silber, president and chief executive officer of Herc Holdings. “We are pleased that the business will transition to LiuGong, a leader in the construction equipment and material handling industries in China. We believe that LiuGong will offer a significant growth platform for the Hertz China team.”

The move continues the rental thrust LiuGong announced earlier this year.

“Rental already represents more than 90 percent of the industry for aerial work platforms in China,” says Kevin Thieneman, Guangxi LiuGong Machinery vice president and chairman of LiuGong North America. “We are pleased to acquire a business led by an experienced team trained in the business methodologies of one of the world’s leading rental companies. The Hertz China business will enable LiuGong and our dealers to accelerate the development of rental solutions both in China and globally.”