AEM acquires data analytics company Hargrove & Associates
Jan 7, 2018 - The Association of Equipment Manufacturers (AEM) has purchased Minneapolis, Minn.-based Hargrove & Associates, Inc. (HAI) a data processing and business analytics company.
AEM has been an HAI client since 1989. Both organizations say they believe this is an opportunity to further develop the relationship and the statistics platform, as well as allow AEM to enhance and build upon its statistics program to better meet the needs of its membership.
“This investment is part of our commitment to our strategic plan which includes further developing our statistics program — a benefit of AEM membership,” said Dennis Slater, AEM president. “Insights gained by our members through participation in AEM’s statistic program give them an advantage in an increasingly competitive global marketplace. 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 with AEM will position both of our groups for exciting growth and technological opportunities while maintaining our strong commitment to the data program so valued by the equipment industry,” added Claire Hargrove, HAI president.
HAI will operate as a standalone subsidiary of AEM, noted Hargrove, adding that she doesn’t foresee no changes to how HAI currently works with its customer base or handling of data. “HAI will continue to maintain sole access and handling of company data. AEM staff will not handle or have access to company data.”
In addition to customer care and support, HAI employees will collaborate with AEM on projects using advanced data analytics that will help bring additional value to AEM members.
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