Oshkosh Buys AK Specialty Vehicles

The deal costs $140 million.
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Oshkosh Truck

(OSK) - Get Report

, a manufacturer of specialty commercial, fire and emergency, and military trucks, said Monday it acquired

AK Specialty Vehicles

, a maker of mobile medical vehicles, broadcast vehicles and command and communications vehicles, for $140 million in cash.

"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," the Wisconsin-based company said.

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