Manitou buys back shares from Toyota

News Story
- 18 Aug 2016 ( #783 ) - Ancenis, France
1 min read
Manitou will buy back its stake from Toyota
Manitou will buy back its stake from Toyota
Manitou will buy back 2.8% of its share capital from Toyota Industries Corporation.

Manitou BF and Toyota Industries Corporation have signed an agreement relating to the purchase by Manitou BF of a block of 1,120,000 of its own shares at a unit negotiated price of EUR13.38 (USD15.09).

The shares have been purchased from Toyota Industries Corporation in an off-market block deal worth EUR14.9 million (USD16.8 million).

The transaction follows the termination of the industrial partnerships between the two companies, dating back to December 2014.

Toyota and Manitou have been winding back relations and, in 2013, decided not to renew an exclusive distribution agreement for Toyota-branded equipment in France. At the time, the two groups determined that collaboration didn't fit market developments and decided to push their own brands on the continent.
Adaptalift picks up Hyster NZ
Adaptalift picks up Hyster NZ 6 Feb 2025 - Auckland, New Zealand - 1 min read
Hangcha secures two large Canadian deals
Hangcha secures two large Canadian deals 6 Feb 2025 - Vaudreuil-Dorion, QC, Canada - 1 min read
Reports Mitsubishi is selling Logisnext
Reports Mitsubishi is selling Logisnext 12 Dec 2024 - Tokyo, Japan - 1 min read
Previously about:
New product launches at Bauma News Story - 24 Apr 2025 - Munich, Germany - 2 min read
Manitou and Kiloutou unveil retrofitted electric telehandler News Story - 13 Jun 2024 - Ancenis, France - 1 min read
Manitou strikes asset deal with Dezzo Equipment News Story - 16 May 2024 - Chloorkop, South Africa - 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 …

These releases in Forkliftaction are a nice experience for SNDC... We got seven inquiries coming from Canada, USA, Mexico, Israel and Australia (five from retailers, two from machines manufacturers) and we are still in contact with them. I can state that's a success story!

David Massat, Sales Director OEM and Export

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

Hyster
Hyster is a world-leading provider of forklift trucks and services in the materials handling industry.

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