# Tadano to acquire Manitex International for $123 million

Tadano Ltd. agreed to acquire Manitex International, a provider of truck cranes and industrial equipment, in an all-cash transaction valued at $123 million equity value ($223 million total). Manitex shareholders will receive $5.80 per share.

- Type: Acquisition
- Announced: 2024-09-01
- Where: United States
- Value: $123.0M
- Status: announced
- Products: truck cranes, industrial equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Tadano](https://endata.com/companies/15119.md)
- [Tadano](https://endata.com/companies/15119.md) (acquirer)
- [IHI Transport Machinery](https://endata.com/companies/17859.md) (target)
- [Manitex International](https://endata.com/companies/32099.md) (target)

## Sources

- [business.woonsocketcall.com](https://business.woonsocketcall.com/observerreporter/article/bizwire-2024-9-12-manitex-international-enters-into-definitive-agreement-to-be-acquired-by-tadano-for-580-per-share), 2024-09-12: "The acquisition by Tadano will help mitigate cyclical risk, while providing the Company with scale and broader international scope."
- [tadano.com](https://www.tadano.com/uscan/en/news/tadano-manitex-news/), 2024-09-16: "The agreement has been approved by the boards of Tadano and Manitex and the transaction is anticipated to close in the first quarter of 2025."
- [nasdaq.com](https://www.nasdaq.com/press-release/manitex-international-reports-third-quarter-2024-results-2024-11-07), 2024-11-07: "announced an agreement to be acquired by Tadano, Ltd. (“Tadano”) for $5.80 in cash per share"
- [vertikal.net](https://vertikal.net/en/news/tag/117/acquisition?page=7&tx_vertikal_pi10=69), 2024-11-19: "Tadano is to acquire Manitex International - Oil&Steel/Valla/PM UPDATED"
- [tradingcalendar.com](https://www.tradingcalendar.com/post/manitex-mntx-acquisition), 2024-12-27: "Merger is scheduled to close over the New Year's holiday."
- [cranesandlifting.com.au](https://www.cranesandlifting.com.au/tadano-expands-global-presence-with-strategic-acquisitions/), 2025-02-09: "Manitex's diverse line-up of products complements Tadano's existing offerings, enabling us to provide an even broader and more attractive range of solutions to our customers."

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