08:55 AM EDT, 10/06/2025 (MT Newswires) -- Toro (TTC) said Monday it has entered into a definitive agreement to acquire Tornado Infrastructure Equipment for 279 million Canadian dollars ($200 million) in an all-cash deal.

Toro said it will buy all outstanding shares of Calgary-based Tornado Infrastructure for CA$1.92 per share, a 4% premium to the latest closing share price.

Tornado is a manufacturer of vacuum trucks and industrial equipment for underground construction, power transmission and energy markets, the company said.

The acquisition is expected to close during Q1 of Toro's fiscal 2026, the company said.