JLG Completes Acquisition of Hinowa
JLG Industries, Inc. has completed its
acquisition of Hinowa S.p.A., adding the brand to JLG's access equipment
segment. This expansion of JLG's product portfolio allows the company to
increase its presence in industries like agricultural, landscape, and
vegetation management.
Founded in 1987 in Nogara, Italy, Hinowa
became well-known in the industry for its track designs and as an early adopter
in the advancement of lithium-ion battery technology in mobile elevating work
platforms (MEWPs). Hinowa's 200+ team members and two facilities, a 250,000 sq.
ft. manufacturing facility and a 50,000 sq. ft. parts facility, are now part of
the Oshkosh Corporation access segment, and the Hinowa brand will be retained
on its line of track-based aerial work platforms, mini dumpers, lift trucks,
and undercarriages products. JLG-branded compact crawler booms, which Hinowa
has produced since 2010 and includes electric-, hybrid-, and diesel-powered
models, will continue to be offered.
"The acquisition was about growing the
company and growing our capabilities," says Frank Nerenhausen, Oshkosh
executive vice president and JLG president. "JLG and Hinowa are both
strong brands. Joining forces allows us to unlock more potential globally. This
is a very positive time for the business, and we are excited to welcome the
Hinowa team to the JLG family."
