Tadano Acquiring Manitex to Elevate Global Lifting Industry Standards
Tadano Ltd. marked a transformative milestone by finalising its acquisition of Manitex International. With this acquisition, Manitex has officially become a wholly owned subsidiary of Tadano, and its shares are no longer traded on Nasdaq.
This move underscores Tadano’s unwavering commitment to innovation, diversification, and a stronger foothold in the global lifting equipment market.
Tadano’s Strategic Investment in Manitex
Tadano’s journey with Manitex began in 2018 when the company acquired a 14.5% stake in the U.S.-based lifting equipment manufacturer. Fast forward to 12 September 2024, Tadano announced its intent to buy the remaining shares of Manitex, signalling its dedication to fully integrating Manitex’s expertise into its own global operations.
The acquisition aligns seamlessly with Tadano’s Mid-Term Management Plan, a blueprint for growth and diversification. By adding Manitex’s product lines—mobile truck cranes, aerial work platforms, and more—to its portfolio, Tadano strengthens its position in the lifting equipment industry. This strategic move not only diversifies its offerings but also bolsters its capacity to meet the growing demands of global infrastructure, heavy industry, and general construction markets.
Leadership Changes to Drive Innovation and Growth
With the acquisition complete, leadership transitions have been set in motion to ensure a seamless integration. Hiroshi Nishizaki, a seasoned leader in the construction machinery sector, will step into the role of chairman of the board at Manitex International. His extensive experience in the U.S. market positions him well to navigate the next chapter of growth.
Dean Barley, who currently serves as president and CEO of Tadano America Corporation and Tadano Mantis Corporation, will take on additional responsibilities as the president and CEO of Manitex International. Meanwhile, former executives Dave Langevin, Michael Coffey, and Joseph Doolan will step down but remain temporarily as advisors, ensuring a smooth transition.
Manitex’s Impact on Tadano’s Offerings
By integrating Manitex’s product lines, Tadano expands its portfolio to include:
- Mobile Truck Cranes: Reliable and versatile solutions for heavy lifting.
- PM Knuckle Boom Cranes: Precision tools for diverse industrial applications.
- Valla Small Electric Cranes: Compact, eco-friendly lifting options.
- Oil & Steel Aerial Work Platforms: Essential for work-at-height operations.
In addition to the products, Tadano inherits five engineering and manufacturing facilities across North America and Europe, broadening its manufacturing capabilities. The acquisition also includes Rabern Rentals, enhancing Tadano’s service reach and operational flexibility.
Reaching New Heights Together
Tadano’s president and CEO, Toshiaki Ujiie, expressed optimism about the acquisition, stating: “We welcome Manitex as the newest members of the global Tadano team. Tadano enjoys a strong global market share in large cranes. In Japan, we are market leaders in truck loader cranes and aerial work platforms but have not yet been able to duplicate this success outside of the country. Combining the engineering, sales and service expertise of both companies allows us to rapidly expand Tadano’s global presence in these areas, so we can better support our customers’ lifting needs and further innovate. Together, we will work hard, grow strong, achieve great things and reach new heights.”
This partnership underscores a shared commitment to advancing safety, quality, and efficiency. Through innovation and collaboration, Tadano and Manitex aim to redefine industry standards and deliver unparalleled value to their customers worldwide.
A Legacy of Innovation
Tadano’s roots date back to 1955, when it developed Japan’s first hydraulic truck crane. Over the decades, the company has become synonymous with reliability and innovation, guided by its corporate philosophy: Creation, Contribution, and Cooperation. Tadano’s Core Values—Safety, Quality, and Efficiency Based on Compliance (C+SQE)—are embedded in every product and service it offers.
With the acquisition of Manitex, Tadano continues to build on its legacy, leveraging Manitex’s innovative solutions and global reach to create a brighter future for the lifting industry.
Building Bridges to the Future
The acquisition provides Tadano with a strategic edge in international markets where Manitex has a strong presence. By combining Manitex’s engineering expertise with Tadano’s technological prowess, the company is well-positioned to address global infrastructure challenges. From urban development to renewable energy projects, the enhanced portfolio equips Tadano to tackle diverse lifting needs with precision and efficiency.
Tadano’s acquisition of Manitex is more than a business deal; it’s a leap towards reshaping the global lifting equipment landscape. This collaboration symbolises the power of partnership, innovation, and shared vision. Together, Tadano and Manitex are poised to set new benchmarks in safety, efficiency, and sustainability, empowering industries and communities alike.
