Sources: Association of Equipment Manufacturers (AEM), Milwaukee; CP staff
AEM has acquired Minneapolis-based Hargrove & Associates Inc. (HAI), a data processing and business analytics company for whom it has been a client since 1989. The move dovetails a manufacturing industry transformation, driven by the innovative use of data, and enables AEM to further develop its statistics program for construction and agricultural equipment members.
“Insights gained through participation in [the] program give members an advantage in an increasingly competitive global marketplace,” says AEM President Dennis Slater. “Through investment in HAI, we look to sharpen this competitive advantage.”
“We are looking forward to how this deepening of our 30-year working relationship will position both of our groups for exciting growth and technological opportunities, while maintaining strong commitment to the data program so valued by the equipment industry,” notes HAI President Claire Hargrove.
The firm will operate as a stand-alone AEM subsidiary in its current Minneapolis office, she adds, and continue to maintain sole access and handling of company data. In addition to customer care and support, HAI employees will collaborate with AEM on projects using advanced data analytics that bring value to association members.