15.02.2012

JCHI acquires Nagano

Chinese equipment manufacturer Beijing Jingcheng Heavy Industry (JCHI) has acquired Japanese based construction and aerial lift manufacturer Nagano for just over a billion yen. ($13.3 million/€10 million).

JCHI is a subsidiary of Beijing Jingcheng Mechanical and Electrical Holding company, established by the Beijing Municipal Government and produces a full range of self-propelled aerial lifts.
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Staff from the two companies celebrate in a Nagano big basket boom

Nagano’s main products include mini-excavators, aerial work platforms and crawler cranes which it sells under the Nagano and Hanix brands.

Nagano filed an application of commencement of Civil Rehabilitation procedures to the Nagano district bankruptcy court in May 2011. JCHI succeeded in acquiring Nagano after its plan was approved by a majority of creditors and authorised by the district court at the end of last year.
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The big platform Nagano/Hanix crawler