# Tadano to acquire Manitex International for $223M

Tadano Ltd. has signed a definitive agreement to acquire Manitex International, Inc. in an all-cash transaction valued at $223 million. The transaction is expected to close early in the first quarter of 2025.

- Type: Acquisition
- Announced: 2024-09-12
- Where: Bridgeview, Illinois, United States
- Value: $223.0M
- Status: announced
- Products: truck cranes, aerial work platforms, specialized lifting solutions, construction equipment rentals
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Tadano](https://endata.com/companies/15119.md) (acquirer)
- [Manitex International](https://endata.com/companies/32099.md) (target)
- [Manitex](https://endata.com/companies/32218.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/bgl-announces-manitex-international-reaches-definitive-agreement-to-be-acquired-by-tadano-ltd-302247052.html), 2024-09-12: "Manitex International, Inc. has signed a definitive agreement to be acquired by Tadano Ltd."
- [rermag.com](https://www.rermag.com/mergers-acquisitions/article/55139983/japanese-cranemaker-tadano-corp-acquires-crane-and-aerial-manufacturer-manitex), 2024-09-14: "We aim to pursue further excellence for the world and the future by contributing to the preservation of the environment and the realization of a sustainable society through maximizing value to our stakeholders and engaging in sustainable business activities."
- [sullcrom.com](https://www.sullcrom.com/About/News-and-Events/Highlights/2024/September/S-C-Advises-Tadano-in-All-Cash-Acquisition-of-Manitex-International-Valued-at-223-Million), 2024-09-16: "Tadano, a Japan-based global manufacturer of cranes and aerial work platforms, agreed to purchase Manitex International... in an all-cash transaction with an equity value of $123 million and total transaction value of $223 million."
- [equipmentworld.com](https://www.equipmentworld.com/construction-equipment/article/15704702/tadano-to-fully-acquire-crane-maker-manitex-in-2025), 2024-10-01: "Our expanded partnership with Tadano represents a new and exciting chapter for our employees and our customers."
- [machineryasia.org](https://machineryasia.org/tadano-to-acquire-crane-aerial-lift-manufacturer-manitex-for-223-million), 2024-10-01: "The acquisition of the Illinois-based company expands Japan-based Tadano's global truck loader crane and aerial work platform business."

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