Tadano to acquire Manitex International

D.Ann Shiffler Editor in Chief, American Cranes & Transport

12 September 2024

Manitex shareholders will receive $5.80 per share in cash, which represents a premium of approximately 52.2 percent over the company’s closing share price of $3.81 on September 11, 2024. Upon completion of the transaction, Manitex’s shares will no longer trade on NASDAQ or any other public market, according to sources.

Manitex TC650 series truck mounted crane

Japanese crane maker Tadano Ltd will acquire Manitex International, an international manufacturer of truck cranes, loader cranes and specialized industrial equipment.

The deal announced 12 September is an all-cash transaction at an equity value of US$123 million and with a total transaction value…

Log in to continue reading

Log in for free access to this article and more, including:

  • Industry news and expert insight
  • Digital magazines and reports
  • Newsletters covering the topics that matter to you

If you haven’t completed your free registration yet, we’ll ask you for a few details before returning you to the article.

Login
STAY CONNECTED



Access Briefing

Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

CONNECT WITH THE TEAM
Euan Youdale Editor Tel: +44 (0)1892 786 214 E-mail: [email protected]
Pete Balistrieri Brand Manager - ALH & SA Tel: +1 414 940 9897 E-mail: [email protected]
Ollie Hodges Vice President, Sales - ALH & SA Tel: +44 (0)1892 786253 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA