Manitou takes control of Lifttek

News Story
- 5 May 2022 ( #1075 ) - Ancenis, France
1 min read
Manitou assumes control over Lifttek
Manitou assumes control over Lifttek

Manitou Group has acquired a majority shareholding in its Finnish dealer, Lifttek, based near Helsinki.

Founded in 1995, Lifttek distributes equipment and provides after-sales service to the construction and agricultural markets all over Finland, with three locations in the cities of Vantaa (Helsinki region) and Tampere. 

Manitou Group and Lifttek began working together in 2003, before the Finnish company became the official dealer in 2012. 

In the interests of continuity, the three current shareholders retain a minority stake in the company, while all management and operational teams will also stay with the company. All products and services offered by Lifttek will continue to be marketed.

Mika Närhi, managing director of Lifttek, says: "We are proud to join Manitou Group. This transaction strengthens the synergies with our main supplier by bringing them the expertise and commitment of our teams and by building on their strength and stability. This opportunity will allow us to continue to grow and develop our service."

Michel Denis, president and CEO of Manitou Group, says: "We are very excited to welcome Lifttek and all their teams into the Manitou Group family. Lifttek has a wealth of expertise, historical know-how and extensive knowledge of its market, particularly in services. This acquisition of a majority stake is a long-term strategy that strengthens our foothold in the region and brings us closer to our clients."

Lifttek currently employs 30 people. It provides a variety of high-quality products and value-added services to its clients.

Milton Keynes, United Kingdom Jungheinrich UK has launched a new forklift line with integrated lithium-ion batteries. The new POWERLiNE trucks are much more compact and agile, which makes them particularly suitable for use...
Charlotte, NC, United States Carolina Handling, the exclusive Raymond Solutions and Support Center for Georgia, North Carolina, South Carolina, Alabama and Florida's central time zone, has begun construction on a new 82,508 sqft...

Inside Forkliftaction

We wrap up our LogiMAT coverage this week with a report on the overwhelming issue on the minds of everyone at the event in Stuttgart - the impact of supply chain disruptions and component shortages.
We heard of manufacturers with thousands of incomplete forklifts in their factories, most just waiting for
...Continue Reading

Inside Forkliftaction

We wrap up our LogiMAT coverage this week with a report on the overwhelming issue on the minds of everyone at the event in Stuttgart - the impact of supply chain disruptions and component shortages.
We heard of manufacturers with thousands of incomplete forklifts in their factories, most just waiting for
...Continue Reading
Enterprise, AL, United States Case Construction Equipment dealer Tidewater Equipment Company has expanded its construction equipment footprint in the southeastern United States with an all-new full-service location in Enterprise, Alabama, delivering dedicated equipment...
Mannheim, Germany Linde Material Handling has hosted ‘several thousand’ customers and prospects from around the world at its World of Material Handling (WoMH) event in Mannheim. Over an area of 17,000...
Fresno, CA, United States A Fresno raisin company is offering new forklift drivers a USD5,000 sign-on bonus.  Sun-Maid Growers of America, an agricultural cooperative, is hoping the bonus will help fill positions at...
Twinsburg, OH, United States Ravas has restructured its operating in the Americas and added field development support. As part of its strategic plan and commitment to the development of the Americas territories, Ravas...

Inside Forkliftaction

We wrap up our LogiMAT coverage this week with a report on the overwhelming issue on the minds of everyone at the event in Stuttgart - the impact of supply chain disruptions and component shortages.
We heard of manufacturers with thousands of incomplete forklifts in their factories, most just waiting for
...Continue Reading