{"id":417284,"date":"2021-01-19T16:09:04","date_gmt":"2021-01-19T21:09:04","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=417284"},"modified":"2021-01-19T16:09:04","modified_gmt":"2021-01-19T21:09:04","slug":"oshkosh-corporation-completes-acquisition-of-pratt-miller","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/oshkosh-corporation-completes-acquisition-of-pratt-miller\/","title":{"rendered":"Oshkosh Corporation completes acquisition of Pratt Miller"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Oshkosh Corporation completes acquisition of Pratt Miller <\/b><\/p>\n<p class=\"bwalignc\"><i>Transaction strengthens competitive positions and strategic growth opportunities<\/i><\/p>\n<p>OSHKOSH, Wis.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nOshkosh Corporation (NYSE:OSK), a leading innovator of mission-critical vehicles and essential equipment, today announced the completion of the previously announced acquisition of Pratt Miller, which specializes in advanced engineering, technology and innovation across the motorsports and multiple ground vehicle markets, for a cash-free, debt-free purchase price of $115 million.\n<\/p>\n<p>\n\u201cWe are pleased to complete the acquisition of Pratt Miller, an organization led by its world-class engineering and motorsports heritage,\u201d said John C. Pfeifer, Oshkosh Corporation President and Chief Operating Officer. \u201cThis acquisition will allow us to leverage Pratt Miller\u2019s experience and innovation in areas such as artificial intelligence, robotics, autonomous and connected systems and electrification, positioning our Company for future growth.\u201d\n<\/p>\n<p>\nAs a result of the completion of the transaction, Pratt Miller will maintain its name, team members, facilities, branding elements and will maintain focus on its motorsports business in partnership with General Motors. The acquisition will enhance the combined company\u2019s product performance and provide Oshkosh Corporation with immediate access to additional and complementary engineering expertise.\n<\/p>\n<p><b><span class=\"bwuline\">About Oshkosh Corporation<\/span><\/b><\/p>\n<p>\nAt Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs more than 14,000 team members worldwide, all united behind a common cause: to make a difference in people\u2019s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG\u00ae, Pierce\u00ae, Oshkosh\u00ae Defense, McNeilus\u00ae, IMT\u00ae, Jerr-Dan\u00ae, Frontline\u2122, Oshkosh\u00ae Airport Products and London\u2122. For more information, visit <span class=\"bwuline\"><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Foshkoshcorp.com&amp;esheet=52364234&amp;newsitemid=20210119006052&amp;lan=en-US&amp;anchor=oshkoshcorp.com&amp;index=1&amp;md5=2e1ac8747bde74d7f7fb0cacaa646980\">oshkoshcorp.com<\/a><\/span>.\n<\/p>\n<p>\n\u00ae, \u2122 All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.\n<\/p>\n<p><b><span class=\"bwuline\">Forward Looking Statements<\/span><\/b><\/p>\n<p>\nThis news release contains statements that the Company believes to be \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company\u2019s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as \u201cmay,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cestimate,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cshould,\u201d \u201cproject\u201d or \u201cplan\u201d or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the Company\u2019s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include potential negative effects relating to the failure to realize the expected benefits of the transaction; the overall impact of the COVID-19 pandemic on the Company\u2019s business, results of operations and financial condition; the duration and severity of the COVID-19 pandemic; actions that may be taken by governmental authorities and others to address or otherwise mitigate the impact of the COVID-19 pandemic; the negative impacts of the COVID-19 pandemic on global economies and the Company\u2019s customers, suppliers and employees; and the cyclical nature of the Company\u2019s Access Equipment, Commercial and Fire &amp; Emergency markets, which are particularly impacted by the strength of U.S. and European economies and construction seasons.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210119006052r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210119006052\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210119006052\/en\/<\/a><\/span><\/p>\n<p>\nFinancial:<br \/>\n<br \/>Patrick Davidson<br \/>\n<br \/>Senior Vice President, Investor Relations<br \/>\n<br \/>920.502.3266\n<\/p>\n<p>\nMedia:<br \/>\n<br \/>Bryan Brandt<br \/>\n<br \/>Senior Vice President, Chief Marketing Officer<br \/>\n<br \/>920.502.3670\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Wisconsin<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Manufacturing Motor Sports Other Defense Sports Engineering Automotive Manufacturing Aerospace Manufacturing Defense<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210119006052\/en\/736407\/3\/Oshkosh_Logo_Black_TM_Hrz.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Oshkosh Corporation completes acquisition of Pratt Miller Transaction strengthens competitive positions and strategic growth opportunities OSHKOSH, Wis.&#8211;(BUSINESS WIRE)&#8211; Oshkosh Corporation (NYSE:OSK), a leading innovator of mission-critical vehicles and essential equipment, today announced the completion of the previously announced acquisition of Pratt Miller, which specializes in advanced engineering, technology and innovation across the motorsports and multiple ground vehicle markets, for a cash-free, debt-free purchase price of $115 million. \u201cWe are pleased to complete the acquisition of Pratt Miller, an organization led by its world-class engineering and motorsports heritage,\u201d said John C. Pfeifer, Oshkosh Corporation President and Chief Operating Officer. \u201cThis acquisition will allow us to leverage Pratt Miller\u2019s experience and innovation in areas such as artificial intelligence, robotics, autonomous and connected &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/oshkosh-corporation-completes-acquisition-of-pratt-miller\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Oshkosh Corporation completes acquisition of Pratt Miller&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-417284","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Oshkosh Corporation completes acquisition of Pratt Miller - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/oshkosh-corporation-completes-acquisition-of-pratt-miller\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oshkosh Corporation completes acquisition of Pratt Miller - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Oshkosh Corporation completes acquisition of Pratt Miller Transaction strengthens competitive positions and strategic growth opportunities OSHKOSH, Wis.&#8211;(BUSINESS WIRE)&#8211; Oshkosh Corporation (NYSE:OSK), a leading innovator of mission-critical vehicles and essential equipment, today announced the completion of the previously announced acquisition of Pratt Miller, which specializes in advanced engineering, technology and innovation across the motorsports and multiple ground vehicle markets, for a cash-free, debt-free purchase price of $115 million. \u201cWe are pleased to complete the acquisition of Pratt Miller, an organization led by its world-class engineering and motorsports heritage,\u201d said John C. Pfeifer, Oshkosh Corporation President and Chief Operating Officer. \u201cThis acquisition will allow us to leverage Pratt Miller\u2019s experience and innovation in areas such as artificial intelligence, robotics, autonomous and connected &hellip; Continue reading &quot;Oshkosh Corporation completes acquisition of Pratt Miller&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/oshkosh-corporation-completes-acquisition-of-pratt-miller\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-19T21:09:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210119006052r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oshkosh-corporation-completes-acquisition-of-pratt-miller\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oshkosh-corporation-completes-acquisition-of-pratt-miller\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Oshkosh Corporation completes acquisition of Pratt Miller\",\"datePublished\":\"2021-01-19T21:09:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oshkosh-corporation-completes-acquisition-of-pratt-miller\\\/\"},\"wordCount\":614,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oshkosh-corporation-completes-acquisition-of-pratt-miller\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210119006052r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oshkosh-corporation-completes-acquisition-of-pratt-miller\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oshkosh-corporation-completes-acquisition-of-pratt-miller\\\/\",\"name\":\"Oshkosh Corporation completes acquisition of Pratt Miller - 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Pfeifer, Oshkosh Corporation President and Chief Operating Officer. \u201cThis acquisition will allow us to leverage Pratt Miller\u2019s experience and innovation in areas such as artificial intelligence, robotics, autonomous and connected &hellip; Continue reading \"Oshkosh Corporation completes acquisition of Pratt Miller\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/oshkosh-corporation-completes-acquisition-of-pratt-miller\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-19T21:09:04+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210119006052r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/oshkosh-corporation-completes-acquisition-of-pratt-miller\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/oshkosh-corporation-completes-acquisition-of-pratt-miller\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Oshkosh Corporation completes acquisition of Pratt Miller","datePublished":"2021-01-19T21:09:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/oshkosh-corporation-completes-acquisition-of-pratt-miller\/"},"wordCount":614,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/oshkosh-corporation-completes-acquisition-of-pratt-miller\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210119006052r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/oshkosh-corporation-completes-acquisition-of-pratt-miller\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/oshkosh-corporation-completes-acquisition-of-pratt-miller\/","name":"Oshkosh Corporation completes acquisition of Pratt Miller - 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