# 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.

- Type: Investment
- Announced: 2018-05-29
- Where: United States
- Value: $32.6M
- Status: completed
- Products: boom trucks, loader cranes, platforms, pick and carry cranes, rough terrain cranes
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Tadano](https://endata.com/companies/15119.md) (investor)
- [Manitex](https://endata.com/companies/32218.md) (partner)

## Sources

- [vertikal.net](https://vertikal.net/en/news/story/30639/tadano-takes-stake-in-manitex), 2018-05-29: "Through complementary product portfolios, Tadano believes that it will be able to meet a wider range of customers’ needs by working together with Manitex."

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