Oshkosh Company, a number one innovator of mission-critical automobiles and important tools, introduced it has entered right into a definitive settlement to accumulate Hinowa® S.p.A., a privately held worldwide firm and main producer of track-based aerial work platforms, mini dumpers, raise vehicles and undercarriages. As soon as full, Hinowa will turn out to be a part of the Oshkosh Entry Gear phase. Hinowa is well-known for its superior observe designs and electrification experience as an early adopter and chief in lithium-ion battery expertise. Hinowa has produced JLG® compact crawler increase lifts since 2010, together with electrical, hybrid and diesel-powered fashions.
“We’re excited to increase our long-term relationship with Hinowa. Combining our capabilities will allow us to raised serve clients and increase our operational footprint in Europe,” stated Frank Nerenhausen, government vice chairman Oshkosh Company and president, JLG Industries.
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“We stay up for welcoming the Hinowa workforce into the Oshkosh household. This acquisition will speed up our electrification capabilities and supply development alternatives throughout core and adjoining markets,” stated John Pfeifer, Oshkosh Company’s president and chief government officer.
“We’re happy to hitch Oshkosh Company. Our profitable 12-year relationship with JLG, together with shared core values round tradition, security, productiveness and sustainability place us properly for the long run,” stated Dante Fracca, founder and proprietor of Hinowa.
Hinowa was based in 1987 in Nogara, Italy and at the moment has an approximate 250,000 sq. ft. manufacturing facility and 50,000 sq. ft. components facility with practically 230 workforce members. The corporate has a protracted historical past of innovation, providing a various line of premium merchandise for work at top and vegetation administration functions. The Hinowa acquisition helps the Oshkosh accelerated development technique. The transaction, which is topic to customary closing situations, is anticipated to shut inside 90-days.
At Oshkosh, the corporate make revolutionary, mission-critical tools to assist on a regular basis heroes advance communities all over the world. Headquartered in Wisconsin, Oshkosh Company employs roughly 15,000 workforce members worldwide, all united behind a standard trigger: to make a distinction in individuals’s lives. Oshkosh merchandise may be discovered in additional than 150 nations beneath the manufacturers of JLG®, Pierce®, MAXIMETAL, Oshkosh® Protection, McNeilus®, IMT®, Jerr-Dan®, Frontline™, Oshkosh® Airport Merchandise, London™ and Pratt Miller.
