# Manitou Group acquires majority stake in Australian dealer LiftRite

Manitou Group finalized the acquisition of a 55% majority stake in Australian company LiftRite, with a call option to reach 96% by 2020.

- Type: Acquisition
- Announced: 2017-07-28
- Where: Western Australia, Australia
- Status: completed
- Products: all-terrain material 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

- [im-mining.com](https://im-mining.com/2017/07/28/manitou-strengthens-position-australian-mining-market-dealer-acquisition/), 2017-07-28: "The Manitou group, a world leader in all-terrain material handling, has finalised its acquisition of a majority stake (55%) in the Australian company LiftRite."
- [australianmining.com.au](https://www.australianmining.com.au/manitou-acquires-stake-aussie-lifting-company/), 2017-07-31: "Thanks to the acquisition in Australia, we are strengthening our presence in the mining sector while continuing to develop the company’s brands, markets and current portfolio of activities in this area."

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