Interventions

Manitou Group ventures in India, acquires TEREX Equipment

Manitou Group is a world-leader in all-terrain material-handling, designs, manufactures, distributes and services equipment for construction, agriculture and the industries

Manitou Group ventures in India, acquires TEREX Equipment

The Manitou group, a global leader in all-terrain handling equipment, today inaugurated  its new entity Manitou Equipment India Private Limited, following the recent acquisition of TEREX Equipment Private Limited. In doing so, the group moved one step ahead to develop backhoe loaders & skid steer loaders markets in India and in other emerging countries. 

Over a week, Manitou Ancenis-based teams (France) were meeting their new Manitou Equipment India (MEI) counterparts in Greater Noida. The objective was to present Manitou Group’s ambitions to the 340 MEI employees and to exchange about cultural diversity, to facilitate collaboration between the different teams. To ease the transition, the Manitou group has set up a dedicated integration team, which will be in direct link with MEI for the next 8 months. To conclude this first week, 200 people were invited to the inauguration day, including numerous dealers, customers, suppliers and local partners. 

Later talking to reporters, Michel Denis, President and CEO Manitou Group said, “With the experienced and motivated Manitou Equipment India teams, we have gained a recognised know-how. We also have an effective and competitive industrial platform on which we can build to truly benefit from a very promising Indian construction sector, and new opportunities which we will develop.” 

“We have a lot of cards in hand to develop the company in India and emerging countries. Our ambition is to develop existing MEI backhoe and skid steers and an additional range of localized products for Asia”, he added.

Manitou Group, world-leader in all-terrain material-handling, designs, manufactures, distributes and services equipment for construction, agriculture and the industries. The group product ranges encompass: telehandlers, all-terrain, semi-industrial and industrial masted forklifts, skidsteers, track loaders, articulated loaders, access platforms, truck-mounted forklifts, warehousing equipment and attachments. 

Through its core brands, Manitou, Gehl, and Mustang, together with its international network of 1,400 independent dealers, the group provides the best solutions delivering highest value for its customers. Headquartered in France, the group registered in 2015 revenue of €1.29 billion in 140 countries, and employs 3,200 people all committed to satisfying customers. 

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