Tadano acquires 14.9% stake in Manitex for $32.6M

Japanese crane manufacturer Tadano acquired a 14.9% stake in US boom truck and crane manufacturer Manitex for $32.6 million, valuing Manitex at nearly $219 million. The investment aims to expand Tadano's global reach and includes cooperation on product supply and technology.

“Through complementary product portfolios, Tadano believes that it will be able to meet a wider range of customers’ needs by working together with Manitex.”vertikal.net

• 1 source
• vertikal.netTadano takes stake in Manitex | Vertikal.netMay 29, 2018

Summarized from public sources; check the original articles before acting on it.