MOBILE MRI UNITS
MOBILE PET/CT UNITS
MOBILE CT UNITS
MOBILE CARDIAC CATHETERIZATION LAB UNITS
MOBILE DIGITAL MAMMOGRAPHY UNITS
SPECIALTY VEHICLES
MILITARY UNITS
MEDICAL INTERNATIONAL
COMMAND
SERVICE PARTS CATALOGS
 
 
November 20, 2006 - Press Releases
 
 
OSHKOSH, WIS. (July 31, 2006) – Oshkosh Truck Corporation [NYSE: OSK], a leading manufacturer of specialty trucks and truck bodies, announced today that it has completed the acquisition of AK Specialty Vehicles, a leader in mobile medical, homeland security command and communications, and broadcast vehicles, from Healthtronics, Inc. [NASDAQ: HTRN]. The transaction was completed on an all-cash basis for $140 million.

“Oshkosh has developed a decade-long record of successful acquisitions because we are selective in the acquisition process and set high expectations during the integration process. AK Specialty Vehicles and its brands are recognized leaders in their respective markets for technology integration and exceptional customer service. The company is an excellent fit with our initiative to expand within complementary specialty truck markets and to continually expand the product offering and services that we offer to existing customers. We’re extremely pleased to welcome AK Specialty Vehicles and its employees to our organization,” said Robert G. Bohn, Oshkosh’s chairman, president and chief executive officer.

AK Specialty Vehicles markets its mobile medical vehicles under the AK Specialty brand in North America and under the SMIT brand in Europe. Frontline is the company’s leading brand in broadcast vehicles and command and communications vehicles.

About Oshkosh Truck Corporation

Oshkosh Truck Corporation [NYSE:OSK] is a leading designer, manufacturer and marketer of a broad range of specialty commercial, fire and emergency, and military trucks and truck bodies. Oshkosh’s products are valued worldwide by fire and emergency units, defense forces, municipal and airport services, concrete producers and refuse hauling businesses where high quality, superior performance, rugged reliability and long-term value are paramount.

To learn more about Oshkosh Truck Corporation, visit its web site at
www.oshkoshtruckcorporation.com

Forward-Looking Statements

This press release contains statements that the company believes are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including statements regarding the company's future financial position, business strategy, targets, projected sales, costs, earnings, capital spending and debt levels, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as the company "expects," "intends," "estimates," "anticipates," or "believes" and similar expressions 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's control, that could cause actual results to differ materially from those expressed or implied by such forwardlooking statements. These factors include, without limitation, risks related to reductions in government expenditures, the uncertainty of government contracts, risks related to the Company’s acquisition strategy including identifying and evaluating acquisition candidates and integrating acquired businesses, and the possibility that expected synergies and other cost savings will not be achieved nor future plans realized. Additional information concerning these and other factors is contained in the company's filings with the Securities and Exchange Commission.

 
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