Oshkosh Corporation has entered into a definitive agreement to acquire Hinowa S.p.A. Once complete, Hinowa will become part of the Oshkosh Access Equipment segment.
"We look forward to welcoming the Hinowa team into the Oshkosh family,” said John Pfeifer, Oshkosh Corporation’s president and chief executive officer. “This acquisition will accelerate our electrification capabilities and provide growth opportunities across core and adjacent markets.”
Hinowa is well-known for its advanced track designs and electrification expertise as an early adopter and leader in lithium-ion battery technology. Hinowa has produced JLG compact crawler boom lifts since 2010, including electric, hybrid and diesel-powered models.
Hinowa was founded in 1987 in Nogara, Italy, and today has an approximate 250,000 sq.-ft. manufacturing facility and 50,000 sq.-ft. parts facility with nearly 230 team members. The company has a long history of innovation, offering a diverse line of premium products for work at height and vegetation management applications.
The Hinowa acquisition supports the Oshkosh accelerated growth strategy. The transaction, which is subject to customary closing conditions, is expected to close within 90 days.
For more information, please visit www.oshkoshcorp.com.
