# Escorts and Tadano form joint venture TEI to manufacture mobile cranes in India

Escorts Ltd and Tadano Group signed a joint venture agreement to form TEI (Tadano Escorts India) to manufacture rough terrain cranes and truck mounted cranes in India. Tadano holds 51% and Escorts 49%.

- Type: Acquisition
- Announced: 2018-08-27
- Where: India
- Status: announced
- Products: rough terrain cranes, truck mounted cranes
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Tadano](https://endata.com/companies/15119.md) (partner)
- [Escorts](https://endata.com/companies/19266.md) (partner)

## Sources

- [nbmcw.com](https://www.nbmcw.com/news/escorts-tadano-sign-jv-to-manufacture-higher-capacity-mobile-cranes-in-india.html), 2018-08-27: "The JV was signed by Nikhil Nanda, CMD, Escorts Limited and Koichi Tadano, President and CEO, Tadano Ltd in New Delhi."

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