# Manitou takes majority stake in Australian dealer LiftRite

The Manitou group signed an agreement to take a majority stake in Australian dealer LiftRite, based in Perth, which specializes in construction, mining and materials handling equipment.

- Type: Acquisition
- Announced: 2017-06-08
- Where: Perth, Australia
- Status: announced
- Products: construction equipment, mining equipment, materials handling equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Manitou](https://endata.com/companies/17913.md) (acquirer)
- [LiftRite](https://endata.com/companies/24768.md) (target)

## Sources

- [forkliftaction.com](https://www.forkliftaction.com/newsletter/archive/0824.htm), 2017-06-08: "The Manitou group has signed an agreement to take a majority stake in Australian dealer LiftRite, based in Perth."
- [forkliftaction.com](https://www.forkliftaction.com/news/manitou-buys-into-australian-dealer.aspx?n=19147), 2017-06-08: "The Manitou group has signed an agreement to take a majority stake in Australian dealer LiftRite, based in Perth."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.