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Altec has completed its acquisition of Teupen Maschinenbau GmbH, a German designer and manufacturer of backyard aerial devices. The acquisition broadens Altec's global presence and complements its product portfolio for utility, telecom, tree care, and lighting sectors.
Altec entered into a strategic alliance agreement with Shandong Taikai High-Volt Switchgear Co., Ltd. to provide advanced equipment solutions to the electrical power industry in China, including a service network and training facility.