Shepparton police are investigating after two excavators were stolen from a business on the Goulburn Valley Highway earlier this week.
Investigators have been told two offenders attended the business about 5.20am on Sunday 18 February in a stolen Isuzu ute with registration 1FH-3QO.
They cut a hole in the fence and stole a EZ17 Wacker Neuson excavator and trailer.
It is believed the same offenders returned in the same vehicle the next day and stole a second EZ17 Wacker Neuson excavator and trailer.
The total value of the thefts is $90,000.
Police have released images of the excavators and a ute similar to the one used in the theft.
Anyone with information or dashcam/CCTV footage is urged to contact Crime Stoppers on 1800 333 000 or file a confidential report online at www.crimestoppersvic.com.au