Nov. 20, 2022
Oshkosh Corp., McConnellsburg, Pa., has entered into a definitive agreement to acquire Hinowa, Nogara, Italy, a privately held international company and manufacturer of track-based aerial work platforms, mini dumpers, lift trucks and undercarriages. 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 Corp. president and CEO. “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.
“We are excited to expand our long-term relationship with Hinowa,” said Frank Nerenhausen, executive vice president, Oshkosh Corp. and president, JLG Industries. “Combining our capabilities will enable us to better serve customers and expand our operational footprint in Europe.”
Hinowa was founded in 1987 and today has an approximate 250,000-sq.-ft. manufacturing facility and 50,000-sq.-ft. parts facility with nearly 230 team members.
“We are pleased to join Oshkosh Corp.,” said Dante Fracca, founder and owner, Hinowa. “Our successful 12-year relationship with JLG, along with shared core values around culture, safety, productivity and sustainability position us well for the future.”
The transaction, which is subject to customary closing conditions, is expected to be completed within 90 days.
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