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MANITOU, le groupe
News
Terex AWP, Manitou sign reciprocal supply & marketing agreement
REDMOND, WASH., USA, and ANCENIS, France (April 19, 2010) - Terex Aerial Work Platforms (AWP) and Manitou have announced a reciprocal supply and marketing agreement under which, specified aerial work platform equipment will be supplied to each party, which also will assume responsibility for after-market support. Terex AWP will manufacture 7.92 m and 9.75 m self-propelled rough terrain diesel scissor lifts for sale by Manitou as the 100 SC and 120 SC. Manitou will primarily use its dealer networks to sell the scissor lift models to end-users. Manitou will manufacture 5.70 m and 7.90 m self-propelled vertical masts for sale by Terex AWP under its Genie® brand as the GR™-20J and GR™-26J. Terex AWP will primarily focus on marketing the vertical masts through its rental channel. Initially, the agreement will be implemented in Europe (CE units) with the intention to widen its geographical scope in 2011. “These vertical mast products are complementary to our range and give us the opportunity to go to market quickly and offer our customers an additional, high quality, product offering. The Genie® and Manitou® brands have proven track records for build quality and reliability, so this is an excellent match on various levels” said Tim Ford, President of Terex AWP. “Terex and Manitou are both respected and well-known manufacturers on the market. This agreement is making a lot of sense as both companies capitalize on their strengths and build on each other’s. It’s a pragmatic yet very promising approach, not only for our organizations but also for our business partners and end-customers” commented Jean-Christophe Giroux, Manitou Chief Executive Officer. Terex offers a complete line of financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services. More information on Terex can be found at www.terex.com. About Manitou
Terex Corporation is a diversified global manufacturer operating in four business segments: Terex Aerial Work Platforms, Terex Construction, Terex Cranes, and Terex Materials Processing. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, quarrying, mining, shipping, transportation, energy, refining, and utility industries.
Manitou, headquartered in Ancenis in the Loire Atlantique department of France, engages in the design, manufacturing and distribution of material handling equipment serving the construction, agriculture and industrial sectors. With its 23 manufacturing and distribution subsidiaries, the MANITOU Group is the global leader in rough terrain equipment (all-wheel-steer loaders and telescopic handlers). The company has a distribution network of approximately 1300 distributors in 120 countries. Its product line also includes aerial work platforms, compact loaders, masted forklift trucks and stackers. Additional information available on www.manitou.com or by contacting communication@manitou.com.
New Chief Executive Officer of MANITOU
In their meeting which took place on June 2, 2009 the Supervisory Board presided over by Mr. Marcel Braud decided to appoint Mr. Jean-Christophe Giroux as Chief Executive Officer replacing Mr. Marcel Claude Braud. This change is the result of a reflection of several months the necessity of which is emphasised by the events which took place at the end of 2008; the contraction of the orderbook on a world-level, the acquisition of GEHL in the United States, the urge for a clear and efficient organisation, call for a management both global and reactive at the Head of the Group, allowing MANITOU to better adapt to its new environment and to consolidate its leadership. This decision, which mirrors the wish of the founding Family to concentrate on the governance of the company, as well as on its strategy, will be coupled with a return to a legal structure based on a Board of Directors, both simpler and more efficient on a operational point of view. This new organisation-scheme in which Mr. Marcel Braud will become non-executive Chairman of the Board and Mr. Jean-Christophe Giroux will continue as the Chief Executive Officer, will be submitted –after all legal details have been finalised– to the approbation of an Extraordinary General Assembly of MANITOU shareholders which will be called in autumn. Jean-Christophe Giroux has been since 1997 with ALCATEL-LUCENT, where he was until recently Chairman & CEO of ALCATEL-LUCENT France, and Chief Operating Officer for the Europe & South region (2006-2008). Previously Jean-Christophe Giroux has been President, Enterprise Solutions Division (2003-2006), Chairman & CEO of ALCATEL Optronics (2000-2003) which he took public on the Paris and Nasdaq stock exchanges as the first European tracking stock. Jean-Christophe Giroux joined ALCATEL in 1997 as Vice President, Financial Operations, in charge or Corporate Mergers and Acquisitions.Prior to that, Jean-Christophe Giroux has been working in investment banking with LAZARD (1991-1997) and in auditing with MAZARS & GUERARD (1989-1991). Jean-Christophe Giroux holds a Hautes Etudes Commerciales (HEC) degree.
Industrial Forklift - Europ III Engine
To remain in conformity with the EURO III standards, Manitou Industry is gradually equipping its 2T to 3T Diesel forklift trucks with the new KUBOTA V3600 engine.
All-New V270 Model Features
Strongest in class – full size skid loader provides high performance and tractive forces
Vertical-Lfit, Heavy-Duty Boom – high strength, low-profile design increases operator visibility and lifts loads in a nearly vertical path
High-Lifting – vertical-lift design provides more than 130 inches of lift height, highest in class
High-Rated Operating Capacity – a powerful 2,700 lb. rated operating capacity
Choice of Controls – hand/foot controls, joystick controls, dual-hand controls
MANITOU - GEHL
MANITOU BF S.A. announced today the successful completion of the tender offer by its wholly owned subsidiary TENEDOR Corporation for all outstanding shares of common stock of GEHL Company (Nasdaq: GEHL). The subsequent offering period expired at 12:00 p.m. (noon), New York City time, on Friday, October 24, 2008. The depositary for the offer has advised MANITOU and TENEDOR that shareholders of GEHL have now validly tendered a total of 9,752,734 GEHL shares, representing, when taken together with the 1,748,046 shares already owned by MANITOU, approximately 95.3% of the outstanding and fully diluted shares of common stock of GEHL. TENEDOR has accepted for payment all GEHL shares validly tendered in the offer and the subsequent offering period. (from the group financial press release)
MANITOU ASIA Pte Ltd achieved Singapore SME 500 status Again!
MANITOU ASIA Pte Ltd has recently been ranked in the 20th "Singapore 1000 & SME 500" rankings after passing the Information Collation Exercise organized by DP Information Group and co-produced with Ernst & Young and supported by SPRING Singapore, IE Singapore and The Business Times.
Being the nation’s only official guide and representation of the top companies in terms of annual financial performance and other financial indicators including assets and return on shareholders’ funds, the 20th Annual “Singapore 1000 and SME 500” corporate rankings recognized MANITOU ASIA Pte Ltd’s strong position and serve as a hallmark of the company achievements.
For more information on MANITOU ASIA Pte Ltd, e-mail info@manitouasia.com