# 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.

- Type: Acquisition
- Announced: 2018-06-04
- Where: United States
- Value: $32.7M
- Status: announced
- Products: cranes
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Manitex](https://endata.com/companies/32218.md) (target)
- [Tadano Global](https://endata.com/companies/32364.md) (acquirer)

## Sources

- [equipmentworld.com](https://www.equipmentworld.com/construction-equipment/article/14969521/15-of-manitex-has-been-acquired-by-crane-maker-tadano), 2018-06-04: "It is our hope that our investment will help the company’s continued progress both in the North America and internationally."

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