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 è diventata una filiale interamente controllata da Tadano, e le sue azioni sono state rimosse dalla negoziazione pubblica.
Manitex International (NASDAQ: MNTX), un proveedor líder de grúas para camiones, equipo industrial especializado y soluciones de alquiler de equipos de construcción, ha anunciado la finalización de su adquisición por parte de Tadano. Según los términos de la transacción, los accionistas de Manitex recibirán 5,80 dólares en efectivo por acción de capital común. Tras la adquisición, Manitex se ha convertido en una subsidiaria de propiedad total de Tadano, y sus acciones han sido retiradas de la negociación pública.
마니텍스 인터내셔널 (NASDAQ: MNTX), 트럭 크레인, 특수 산업 장비 및 건설 장비 임대 솔루션의 주요 제공업체가 타다노에 의한 인수 완료를 발표했습니다. 거래 조건에 따라 마니텍스 주주들은 주당 5.80달러 현금을 받게 됩니다. 인수 이후 마니텍스는 타다노의 완전 소유 자회사가 되었으며, 주식은 공개 거래에서 제외되었습니다.
Manitex International (NASDAQ: MNTX), un fournisseur leader de grues de camion, d'équipements industriels spécialisés et de solutions de location d'équipements de construction, a annoncé l'achèvement de son acquisition par Tadano. Selon les termes de la transaction, les actionnaires de Manitex recevront 5,80 dollars en espèces par action ordinaire. Suite à l'acquisition, Manitex est devenu une filiale entièrement détenue de Tadano, et ses actions ont été retirées de la cotation publique.
Manitex International (NASDAQ: MNTX), ein führender Anbieter von Lkw-Kranen, spezialisierten Industrieanlagen und Lösungen zur Vermietung von Baumaschinen, hat den Abschluss seiner Übernahme durch Tadano bekannt gegeben. Gemäß den Bedingungen der Transaktion erhalten Manitex-Aktionäre 5,80 US-Dollar in bar pro Stammaktie. Nach der Übernahme ist Manitex eine hundertprozentige Tochtergesellschaft von Tadano geworden, und ihre Aktien wurden vom öffentlichen 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’s 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 – Safety, Quality, and Efficiency Based on Compliance (C+SQE) – in each and every one of its products and services.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250102888769/en/
IR CONTACT
Paul Bartolai or Noel Ryan
MNTX@val-adv.com
Source: Manitex International, Inc.
FAQ
What is the per-share price Tadano is paying for MNTX shares?
Will Manitex (MNTX) continue to trade on NASDAQ after the Tadano acquisition?
What happens to Manitex (MNTX) shareholders after the Tadano acquisition?
What type of acquisition is the Tadano-Manitex (MNTX) deal?
What business segments does Manitex (MNTX) operate in?
