Asko takes majority stake in Hy-Brid Lifts

News Story
- 21 Sep 2023 ( #1146 ) - Gaziantep, Turkey
1 min read
Asko Holding chief executive officer Sami Konukoglu
Asko Holding chief executive officer Sami Konukoglu

Turkish conglomerate Asko Holding has acquired a majority stake in United States-based scissor lift maker Hy-Brid Lifts as it continues its global expansion.

With activities spanning construction machinery, agricultural machinery, energy and technology, Asko Holding has moe than 700,000 square metres of equipment production facilities.

Asko Holding chief executive officer Sami Konukoglu says the acquisition will allow an expansion of the product range of Hy-Brid Lifts, with working capital to be provided to accelerate growth.

Founded in 1981 in Wisconsin as a husband-and-wife welding and repair shop, Hy-Brid Lifts manufactured its first scissor lift in 2004 and now offers a range of aerial equipment.

Konukoglu says the acquisition would allow Asko to export its products to the US.

“With Hy-Brid Lifts' innovative, top-notch products and extensive dealer network, this investment aligns perfectly with Asko’s goal to become a global player and expand in the USA,” he says.

“While offering new products to global markets under the Asko brand, we are perfecting our research and development, sales and service networks based on our experiences gained here (in Turkey).”

Briefs
Briefs 26 Jun 2025 - 1 min read
Noblelift moves to acquire Canadian distributor
Noblelift moves to acquire Canadian distributor 26 Jun 2025 - Quebec, Canada - 1 min read
Bolzoni acquires specialist equipment manufacturer
Bolzoni acquires specialist equipment manufacturer 29 May 2025 - Piacenza, Italy - 1 min read
Previously about:
Movers & Shakers News Story - 23 Apr 2020 - 1 min read
Hy-Brid Lifts appoints TVH as parts distributor for UK News Story - 25 May 2017 - Waregem, Belgium - 1 min read
Do you have materials handling news? Submit your news here

We’re excited to launch a major upgrade to the Forkliftaction forums, packed with new features and improvements. Here’s what’s new:

  • You can now add up to two photos to your posts
  • New search & navigation - find what you need easier
  • Smart brand/model tagging across all forums
  • Top contributors recognised for their efforts!

 Head over to the forums to check it out!

Words of support …

Thanks to advertising with Forkliftaction, we have received inquiries and more and more people are aware of Ningbo Ruyi Joint Stock Co.,Ltd, which fits with our company's goal to go global and let the world know more about the benefits of our Xilin brand.

Michille Shi, Vice General Manager Sales

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

PREMIUM business

Hangzhou Maxlion Machinery Equipment Co., Ltd
3G Standard, Good Products, Good Price, Good Service.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

PREMIUM business

Zhejiang UN Forklift Co., Ltd
Manufacturer of IC forklifts, electric forklifts and warehouse equipment.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

We’re excited to launch a major upgrade to the Forkliftaction forums, packed with new features and improvements. Here’s what’s new:

  • You can now add up to two photos to your posts
  • New search & navigation - find what you need easier
  • Smart brand/model tagging across all forums
  • Top contributors recognised for their efforts!

 Head over to the forums to check it out!