Manitex International Announces Closing of its Acquisition by Tadano Ltd.
Manitex International (NASDAQ: MNTX), a leading provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions, has announced the completion of its acquisition by Tadano . Under the transaction terms, Manitex shareholders are receiving $5.80 in cash per share of common stock. Following the acquisition, Manitex has become a wholly owned subsidiary of Tadano, and its shares have been delisted from public trading.
Manitex International (NASDAQ: MNTX), un fornitore leader di gru per camion, attrezzature industriali specializzate e soluzioni di noleggio di attrezzature per costruzione, ha annunciato il completamento della sua acquisizione da parte di Tadano. In base ai termini della transazione, gli azionisti di Manitex riceveranno 5,80 dollari in contante per azione di capitale comune. Dopo l'acquisizione, Manitex 猫 diventata una filiale interamente controllata da Tadano, e le sue azioni sono state rimosse dalla negoziazione pubblica.
Manitex International (NASDAQ: MNTX), un proveedor l铆der de gr煤as para camiones, equipo industrial especializado y soluciones de alquiler de equipos de construcci贸n, ha anunciado la finalizaci贸n de su adquisici贸n por parte de Tadano. Seg煤n los t茅rminos de la transacci贸n, los accionistas de Manitex recibir谩n 5,80 d贸lares en efectivo por acci贸n de capital com煤n. Tras la adquisici贸n, Manitex se ha convertido en una subsidiaria de propiedad total de Tadano, y sus acciones han sido retiradas de la negociaci贸n p煤blica.
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Manitex International (NASDAQ: MNTX), un fournisseur leader de grues de camion, d'茅quipements industriels sp茅cialis茅s et de solutions de location d'茅quipements de construction, a annonc茅 l'ach猫vement de son acquisition par Tadano. Selon les termes de la transaction, les actionnaires de Manitex recevront 5,80 dollars en esp猫ces par action ordinaire. Suite 脿 l'acquisition, Manitex est devenu une filiale enti猫rement d茅tenue de Tadano, et ses actions ont 茅t茅 retir茅es de la cotation publique.
Manitex International (NASDAQ: MNTX), ein f眉hrender Anbieter von Lkw-Kranen, spezialisierten Industrieanlagen und L枚sungen zur Vermietung von Baumaschinen, hat den Abschluss seiner 脺bernahme durch Tadano bekannt gegeben. Gem盲脽 den Bedingungen der Transaktion erhalten Manitex-Aktion盲re 5,80 US-Dollar in bar pro Stammaktie. Nach der 脺bernahme ist Manitex eine hundertprozentige Tochtergesellschaft von Tadano geworden, und ihre Aktien wurden vom 枚ffentlichen Handel abgezogen.
- Shareholders receive immediate cash value of $5.80 per share
- Strategic acquisition by larger industry player Tadano
- Complete buyout provides certainty of value for shareholders
- Delisting from NASDAQ removes public investment opportunity
- Shareholders lose potential future upside as independent company
Insights
The $5.80 per share acquisition of Manitex by Tadano marks a strategic consolidation in the specialized industrial equipment sector. This deal values Manitex at approximately
The deal's completion at the previously announced price indicates smooth regulatory approval and shareholder acceptance. For the broader industrial equipment sector, this acquisition reflects ongoing consolidation trends where larger players are absorbing specialized manufacturers to expand product portfolios and geographical reach. The cash consideration provides immediate liquidity for Manitex shareholders, though it eliminates their potential upside in future growth.
This acquisition strategically positions Tadano to enhance its product portfolio in the specialized truck crane segment. Manitex's expertise in boom trucks, industrial cranes and construction equipment rental solutions complements Tadano's existing offerings. The integration should yield operational synergies through combined manufacturing capabilities, shared technology and expanded distribution networks.
For the construction and infrastructure sectors, this consolidation could lead to more integrated equipment solutions and potentially streamlined product development. Manitex's strong presence in construction equipment rental also provides Tadano with immediate access to this growing market segment, particularly valuable as infrastructure spending increases globally. The deal's timing coincides with rising demand for specialized industrial equipment in infrastructure development projects.
ABOUT MANITEX INTERNATIONAL
Manitex International is a leading provider of mobile truck cranes, industrial lifting solutions, aerial work platforms, construction equipment and rental solutions that serve general construction, crane companies, and heavy industry. The company engineers and manufactures its products in
ABOUT TADANO
Since Tadano developed Japan鈥檚 first hydraulic truck crane in 1955, the company has grown globally, while constantly striving to implement its Corporate Philosophy of Creation, Contribution, and Cooperation. The Tadano Group delivers its Core Values 鈥� Safety, Quality, and Efficiency Based on Compliance (C+SQE) 鈥� in each and every one of its products and services.
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IR CONTACT
Paul Bartolai or Noel Ryan
MNTX@val-adv.com
Source: Manitex International, Inc.
FAQ
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