# Asko Holding acquires majority stake in Hy-Brid Lifts

Asko Holding acquired a majority stake in Hy-Brid Lifts, a designer and manufacturer of hybrid scissor lifts based in Richfield, Wisconsin. The terms of the transaction were not disclosed.

- Type: Acquisition
- Announced: 2023-09-06
- Where: Richfield, Wisconsin, United States
- Status: completed
- Products: hybrid scissor lifts, aerial work platforms
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [ASKO](https://endata.com/companies/33771.md) (acquirer)
- [Hy-Brid Lifts](https://endata.com/companies/72456.md) (target)
- [Custom Equipment](https://endata.com/companies/72464.md) (target)

## Sources

- [cbinsights.com](https://www.cbinsights.com/company/custom-equipment), 2023-09-06: "In September 2023, Asko Holding acquired a majority stake in Hy-Brid Lifts."
- [vertikal.net](https://vertikal.net/en/news/story/42331/new-owner-for-hy-brid-lifts), 2023-09-06: "The next chapter for Hy-Brid Lifts has started with this partnership with Asko."
- [compactequip.com](https://compactequip.com/aerial-lifts/turkish-based-equipment-expert-asko-acquires-majority-stake-in-hy-brid-lifts/), 2023-09-08: "The next chapter for Hy-Brid Lifts has started with this partnership with ASKO."
- [forkliftaction.com](https://www.forkliftaction.com/news/asko-takes-majority-stake-in-hy-brid-lifts.aspx?n=28449), 2023-09-21: "With Hy-Brid Lifts' innovative, top-notch products and extensive dealer network, this investment aligns perfectly with Asko’s goal to become a global player and expand in the USA."
- [vertikal.net](https://vertikal.net/en/news/tag/117/acquisition?page=10&tx_vertikal_pi10=69), 2023-10-19: "Turkish holding company Asko has acquired US aerial lift manufacturer Custom Equipment/Hy-Brid Lifts"

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