The deal builds on a 12-year partnership with JLG whilst allowing the company to broaden its product portfolio
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, Oshkosh noted.
“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.”
In early October 2022, ACCIONA said it would cut direct emissions through the acquisition of electrical machinery via a decarbonisation fund and, later in the month, Hinowa showcased the upgraded second-generation versions of JLG’s 45 and 52ft electric articulated boom lifts at Bauma 2022.
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 a 250,000sqft manufacturing facility and a 50,000sqft 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.
In September 2022, Johnson Arabia said it had enhanced its fleet with a wide range of new battery-powered equipment.