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Construction M&A image Construction M&A » By The Online Investor Staff, updated Fri., Apr. 19, 8:11 PM Recent mergers and acquisitions in the Construction M&A category.

Slide #42. Manitex International Valla, SpA

Acquirer: Manitex International (NASDAQ:MNTX)
Acquiree: Valla, SpA
Details: Manitex International, Inc. (Nasdaq: MNTX), a leading provider of engineered lifting solutions including boom truck and rough terrain cranes, rough terrain forklifts, special mission oriented vehicles, container handling equipment and specialized engineered trailers, today announced that it has completed the previously announced acquisition of Valla, SpA, of Piacenza, Italy. The acquisition closed on November 30, 2013, for a total potential consideration of up to $1.2 million, principally based on an earn-out provision. Valla is expected to be accretive to Manitex International's earnings in 2014. Valla reported 2012 annual revenues of approximately $7.5 million and EBITDA of $0.7 million.

Manitex International is a provider of engineered lifting solutions. Co. operates through its subsidiaries: Manitex, Inc., which markets among others, boom trucks, and utility vehicles; Crane and Machinery, Inc., which is a distributor of Co.'s products as well as other cranes; and Crane and Machinery Leasing, Inc., which rents equipment manufactured by Co. as well as a limited amoun of equipment manufactured by third parties; PM Oil and Steel S.p.A., which manufactures truck- mounted hydraulic knuckle boom cranes; Manitex Valla S.r.L., which produces precision pick and carry industrial cranes; as well as Rabern, which rents heavy duty and light duty commercial construction equipment.

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Company Name:  Manitex International Inc
Website:  www.manitexinternational.com
Sector:  Industrial Machinery & Equipment
Number of ETFs Holding MNTX:  3
Total Market Value Held by ETFs:  $5.05M
Total Market Capitalization:  $113.00M
% of Market Cap. Held by ETFs:  4.47%
 

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April 19, 2024    8:11 PM Eastern
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Strong Buy (4.00 out of 4)
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