JLG completes acquisition of Hinowa
JLG Industries, Inc. has completed its acquisition of Hinowa S.p.A., adding the brand to JLG's access equipment segment. This expansion of JLG's product portfolio allows the company to increase its presence in industries like agricultural, landscape, and vegetation management.
Founded in 1987 in Nogara, Italy, Hinowa became well-known in the industry for its track designs and as an early adopter in the advancement of lithium-ion battery technology in mobile elevating work platforms (MEWPs). Hinowa's 200+ team members and two facilities, a 250,000 sq. ft. manufacturing facility and a 50,000 sq. ft. parts facility, are now part of the Oshkosh Corporation access segment, and the Hinowa brand will be retained on its line of track-based aerial work platforms, mini dumpers, lift trucks, and undercarriages products. JLG-branded compact crawler booms, which Hinowa has produced since 2010 and includes electric-, hybrid-, and diesel-powered models, will continue to be offered.
"The acquisition was about growing the company and growing our capabilities," says Frank Nerenhausen, Oshkosh executive vice president and JLG president. "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."
Hinowa's products, including a JLG-branded compact crawler boom lift, will be on display at CONEXPO-CON/AGG 2023.
1 JLG Drive