The Manitou Group Acquisition of LiftRite Hire and Sales in Australia
Sector: Road • Location: Australia
Source: Highways Today
The Manitou group, world leader in all-terrain material handling, finalized its acquisition of a majority stake (55%) in the Australian company LiftRite. Thanks to a supplementary call option, the group will hold a 96% share by 2020. LiftRite distributes Manitou, Gehl, Kalmar and Kobelco products for the construction and mining markets. In 2016, the company generated 12 million euros in sales reve
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Participants
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Company | Obfuscated Data |
Status
Original status | ongoing |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The Manitou group, world leader in all-terrain material handling, finalized its acquisition of a majority stake (55%) in the Australian company LiftRite. Thanks to a supplementary call option, the group will hold a 96% share by 2020. LiftRite distributes Manitou, Gehl, Kalmar and Kobelco products for the construction and mining markets. In 2016, the company generated 12 million euros in sales revenue, of which Manitou Group products accounted for 65%. Michel Denis, Manitou Group president and CEO, states: 'LiftRite has got a team with great expertise and excellent know-how. Through the acquisition of a stake in our historical dealer in Australia, we reinforce Manitou’s position in the mining sector while continuing to reinforce and develop all brands carried by LiftRite in all the markets served in this region.' |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
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