| Bucher Municipal
Internal successor for division president of Bucher Municipal

Martin Starkey, an internal successor, has been appointed as the new division
president of Bucher Municipal and as a member of group management of
Bucher Industries with effect from 1 January 2026.

Bucher Municipal acquires SSV Environnement

Bucher Municipal has acquired the remaining 80% of SSV Environnement SAS, a service and rental solutions provider for the municipal equipment market in France.

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