JLG has completed the acquisition of leading spider lift manufacturer Hinowa.
The deal was worked out in October just before Bauma, and concluded in November, just over two months ago. See: JLG to acquire Hinowa.
Founded in 1987 in Nogara, Italy, Hinowa is not only the leading manufacturer of spider lifts, but an access industry pioneer in lithium-ion battery technology. Hinowa employs around 200 across two facilities, a 23,000 square metre manufacturing plant and a 5,000 square metre parts facility. The company has produced JLG branded spider lifts for more than 10 years, and more recently began building its latest articulated boom lifts.
The Hinowa brand will be retained for those markets where it is currently used and it will continue to produced its mini dumpers, lift trucks and tracked carriers which will also carry the Hinowa brand.
JLG president Frank Nerenhausen said: “The acquisition was about growing the company and growing our capabilities. 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.”