Oshkosh Corporation, a leading pioneer of mission-critical vehicles and essential equipment, announced today that it had reached an agreement to obtain Hinowa® S.p.A., a privately held international company and leading manufacturer of track-based aerial work platforms, mini dumpers, lift trucks, and undercarriages. Hinowa will join the Oshkosh Access Equipment sector once completed.
“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.”
As an early adopter and pioneer in lithium-ion battery technology, Hinowa is well-known for its sophisticated track designs and electrification capabilities. Hinowa has been manufacturing JLG® tiny crawler boom lifts since 2010, providing electric, hybrid, and diesel variants.
“We are excited to expand our long-term relationship with Hinowa,” said Frank Nerenhausen, Executive Vice President of Oshkosh Corporation and President of JLG Industries. “Combining our capabilities will enable us to serve customers better and expand our operational footprint in Europe.”
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.
“We are pleased to join Oshkosh Corporation,” said Dante Fracca, founder and owner of 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 Hinowa acquisition supports the Oshkosh accelerated growth strategy. The transaction, subject to customary closing conditions, is expected to close within 90 days.