Skyjack Inc., a Linamar company, has announced the signing of a share purchase agreement whereby Skyjack will purchase telehandler manufacturer CareLift Equipment Ltd., Breslau, Ontario Canada.

Skyjack said it is interested in the CareLift business as it complements the mobile industrial products business of scissor and boom lifts already produced by the company. This acquisition further expands Skyjack’s product offering and positions Skyjack as a supplier to the equipment rental business.

“The addition of CareLift’s telehandler business along with the design and test abilities of the company opens up another large market for our Skyjack business,” said Linda Hasenfratz, Linamar CEO. “The global telehandler market is worth $3 billion and growing. CareLift’s ZoomBoom brand is well positioned to increase market share by utilizing Skyjack’s well established distribution network.”

CareLift designs and builds rough terrain forklifts with reach heights from 32 to 56 feet.  The proposed transaction is subject to, among other things, further due diligence.