The Oshkosh Corporation has announced that it has entered into an agreement to acquire Hinowa S.p.A., a well-known manufacturer of track-based aerial work platforms, mini dumpers, lift trucks and undercarriages.
“We look forward to welcoming the Hinowa team into the Oshkosh family,” said John Pfeifer, Oshkosh Corporation’s president and chief executive officer. “This acquisition will accelerate our electrification capabilities and provide growth opportunities across core and adjacent markets.”
Hinowa is well-known for its advanced track designs and early adoption of lithium-ion battery technology. The conpany has also produced JLG compact crawler boom lifts since 2010, including electric, hybrid and diesel-powered models.
“We are pleased to join Oshkosh Corporation,” added Dante Fracca, founder and owner of Hinowa. “Our successful 12-year relationship with JLG, along with shared core values around culture, safety, productivity and sustainability position us well for the future.”
The Hinowa acquisition supports the Oshkosh accelerated growth strategy. The transaction, which is subject to customary closing conditions, is expected to close within 90 days.