Oshkosh Corp has entered into a definitive agreement to acquire Italian manufacturer Hinowa S.p.A., the company has announced.
Hinowa specialises in track-based aerial work platforms, mini dumpers, lift trucks and undercarriages. It has produced JLG compact crawler boom lifts since 2010, including electric, hybrid and diesel-powered models, and is well-known for its advanced track designs and being an early adopter in lithium-ion battery technology.
It recently it showcased the upgraded second-generation versions of JLG’s 45 and 52ft electric articulated boom lifts at its Bauma stand.
“We look forward to welcoming the Hinowa team into the Oshkosh family,” said John Pfeifer, Oshkosh Corporation’s president and CEO. “This acquisition will accelerate our electrification capabilities and provide growth opportunities across core and adjacent markets.”
Dante Fracca, founder and owner of Hinowa. added, “We are pleased to join Oshkosh Corporation. Our successful 12-year relationship with JLG, along with shared core values around culture, safety, productivity and sustainability position us well for the future.”
Hinowa was founded in 1987 in Nogara, Italy and today has an approximate 250,000 sq. ft. manufacturing facility and 50,000 sq. ft. parts facility with nearly 230 team members. Once complete, Hinowa will become part of the Oshkosh Access Equipment segment. The transaction, which is subject to customary closing conditions, is expected to close within 90-days.
