# Tadano to acquire Manitex International

Manitex International shareholders approved the merger agreement with Tadano Ltd., under which Tadano will acquire all outstanding shares of Manitex for $5.80 per share in cash. The transaction is expected to close in early January 2025.

- Type: Acquisition
- Announced: 2024-12-20
- Where: Bridgeview, Illinois, United States
- Value: $223.0M
- Status: announced
- Products: truck cranes, specialized industrial equipment, construction equipment rental solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [business.woonsocketcall.com](https://business.woonsocketcall.com/observerreporter/article/bizwire-2024-12-20-manitex-international-announces-results-of-special-meeting-of-shareholders), 2024-12-20: "the parties continue to expect the transaction to close in early January 2025."
- [business.woonsocketcall.com](https://business.woonsocketcall.com/observerreporter/article/bizwire-2025-1-2-manitex-international-announces-closing-of-its-acquisition-by-tadano-ltd), 2025-01-02: "Manitex International, Inc. today announced the closing of its acquisition by Tadano Ltd."
- [khl.com](https://www.khl.com/news/tadano-corporation-acquires-manitex-international/8049527.article), 2025-01-02: "With the deal closing on January 2, 2025, Tadano announced it completed the acquisition of Manitex International."
- [craneandhoistcanada.com](https://www.craneandhoistcanada.com/tadano-officially-closes-on-manitex-acquisition/), 2025-01-03: "After entering into a definitive purchase agreement this past September, Manitex International is officially a wholly-owned subsidiary of Tadano Ltd. as of January 2."
- [stocktitan.net](https://www.stocktitan.net/news/MNTX/bgl-announces-manitex-international-completes-the-closing-of-its-89psji4cpicx.html), 2025-01-07: "Manitex International has completed its acquisition by Tadano in an all-cash transaction valued at $223 million, or $5.80 per share, representing a 52% premium over the last trading day's closing price before announcement."

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