Ads
News service and business centre for materials handlingHOME
/lynad/news_adclick.asp?assid=19992/lynad/news_adclick.asp?assid=19993/lynad/news_adclick.asp?assid=19994/lynad/news_adclick.asp?assid=19995/lynad/news_adclick.asp?assid=19996
Ads
1641

Manitou, Gehl combine their telehandler ranges


Thursday, 29 Jul 2004 ( #168 ) - NANTES, France
News Story
Rough terrain forklift giant Manitou and construction and agricultural equipment manufacturer Gehl have forged a partnership under which their range of telescopic handlers will be combined.
Two agreements signed on July 22 will give each company a more comprehensive range of products in the USA and elsewhere.
Manitou has invested USD19.8 million in Gehl stock, while Gehl said it would recommend the appointment of Manitou CEO Marcel Claude Braud to its board.
Wisconsin-based Gehl, which reported net sales of USD244 million last year, will manufacture two series of Manitou compact telehandlers under license at its Yankton, South Dakota, factory.
The machines would be sold through Gehl's network bearing Gehl's name, colour and livery, a company statement said.
Under a reciprocal supply agreement, each company will bolster its US telehandler range with models designed and manufactured by the other, but distributed in each company's own livery.
Gehl chairman and CEO William Gehl described the new partnership as an "excellent opportunity".
"Manitou's worldwide leadership in telescopic handlers will be a strong asset in our mutual goal to further grow our presence in the US," he said.
Manitou, which reported net sales of USD821.5 million in 2003,
said the agreements would take effect from the beginning of 2005.
Discuss Forkliftaction.com News stories in the Discussion Forums!
 
x
©Forkliftaction.com
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
Australia
Contact Forkliftaction.com
About Forkliftaction
The Forkliftaction Team
Privacy Policy
Site Map
Help
Business Directory
Discussion Forums
Industry News
Events Calendar
Jobs & Resumes
Photo Galleries
Blog articles
Our Bloggers

Industry Brands
Company Index
Regions & Countries
Machinery-onQ.com

Advertise on Forkliftaction
Editorial Features / Calendar
Featured Businesses
Past News Editions
Industry Associations
Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit Forkliftaction.com again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.

x