Tadano acquires 15% stake in Manitex for $32.7 million

Japanese crane maker Tadano Global purchased 2,918,542 shares of Manitex for approximately $32.7 million, giving it 15% ownership and the right to designate a board member. The deal is expected to close May 30, 2018.

“It is our hope that our investment will help the company’s continued progress both in the North America and internationally.”equipmentworld.com

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• equipmentworld.com15% of Manitex has been acquired by crane maker Tadano | Equipment WorldWayne GraysonJun 4, 2018

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