BRIDGEVIEW, Ill., July 20, 2017 (GLOBE NEWSWIRE) -- Manitex International, Inc., (NASDAQ:MNTX), a leading international provider of cranes and specialized industrial equipment, today announced orders for Manitex PM for approximately €1.5 million in new cranes from two international customers.
The orders are for a number of different truck-mounted crane products with lifting capacities between 3 and 40 metric tons and are being configured for various uses within the electrical utility sectors for the two customers, one of which represents follow-on business and the other a brand new account for Manitex PM. Initial deliveries are expected in the third quarter of 2017, with the remainder occurring in the fourth quarter of 2017.
“We are excited to announce these new orders for PM, a brand with a reputation of high quality and durability throughout the articulated crane and specialized lifting products categories,” commented Giovanni Tacconi, Sales Director at Manitex PM. “Our team here at PM is working diligently to identify and pursue new sales opportunities for our products. Our partnerships with key international equipment manufacturers such as Mercedes-Benz and Iveco, together with our strong international network of distributors, are increasingly driving the global market expansion of PM, as we execute our plans throughout Manitex.”
About Manitex International, Inc.
Manitex International, Inc. is a leading worldwide provider of highly engineered specialized equipment including boom trucks, cranes, and other related industrial equipment. Our products, which are manufactured in facilities located in the USA and Europe, are targeted to selected niche markets where their unique designs and engineering excellence fill the needs of our customers and provide a competitive advantage. We have consistently added to our portfolio of branded products and equipment both through internal development and focused acquisitions to diversify and expand our sales and profit base while remaining committed to our niche market strategy. Our brands include Manitex, PM, Badger, Sabre, and Valla. Manitex owns a minority interest in ASV which manufactures and sells a line of high quality compact track and skid steer loaders.
Forward-Looking Statement
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