Manitou and Yanmar Announce Key Strategic Alliance
WEST BEND, Wis. (USA), ADAIRSVILLE, Georgia (USA)
January 31st 2012
Manitou Group, (“Manitou”) a world leader in material handling and compact equipment and
Yanmar Co., LTD, (“Yanmar”), a proven, global manufacturer of diesel engines and a broad
range of compact equipment is announcing today the formation of a strategic alliance. The
two companies have had a successful long-standing partnership including the use of
Yanmar engines in Gehl and Mustang branded compact equipment manufactured by
Manitou in the United States.
Initially as part of the alliance, Manitou is pleased to announce that it will launch a line of
compact excavators manufactured by Yanmar, under the Gehl and Mustang brands for the
North American Sales Region. Manitou is confident that this new line of excavators
provided by Yanmar will thoroughly meet the needs of its customers in both value and
features for this very important sales region. With this announcement, Manitou has
concluded its distribution relationship with Wacker Neuson who has provided compact
excavators and all-wheel steer loaders to Manitou for the Americas region since 1999. For
these products, Manitou is committed to providing continued service and parts support to
its dealers and customers.
In parallel, Yanmar will launch a range of skid loaders and compact track loaders designed
and manufactured in the United States by Manitou’s Compact Equipment Division under the
Yanmar brand for distribution in North America.
After the completion of the initial launch by both companies, they will look at broader
distribution opportunities aimed at growing sales activities for both companies while
strengthening each company’s independent dealer network. Further opportunities for
manufacturing alliances will also be explored to shorten time to market and better utilize
existing worldwide manufacturing facilities and expertise.
“There is a strong synergy between our organizations, from our core culture and values to
the complimentary fit of our product lines. We believe the market will readily embrace
the quality and value that our products have to offer,” stated Ted Bregar, President,
Yanmar America.
Daniel Miller, Manitou Americas, Inc., President and CEO said, “Manitou is extremely
excited about this enhanced alliance and the opportunities it presents for our dealers and
customers. Yanmar has been a key supplier and this new relationship only strengthens this
long term partnership.”
Manitou will continue to leverage high quality and trusted technology, as a valued
customer of Yanmar engines. Both companies recognize that further complimentary valuecreating
initiatives can provide the opportunity to strengthen their distribution
organizations through shared product and product development activities. The
strengthened alliance of the two companies will focus on enhancing market creditability
and service to their dealers and customers.
Yanmar America Corporation is located in Adairsville, Georgia, and is the regional
headquarters for North America. Yanmar’s primary focus is on the product and service
categories of agriculture, construction, power generation, marine and industrial engines.
Celebrating its 100th Anniversary in 2012, Yanmar continues its legacy of innovation and
environmental activism, resulting in products and services of exceptional quality. For
more information
Contact Craig Neal, Manager of Corporate Strategy – cneal@yanmar.com
Manitou Americas, Inc., headquartered in West Bend, Wisconsin, is the combined
organization of previous Manitou North America and Gehl Company activities in America.
It hosts the Sales & Marketing teams for North America and Latin America (supporting the
GEHL, Manitou, Mustang and EDGE brand names and their respective dealer networks) and
is the home of the Compact Equipment Division with state-of-the-art R&D and
manufacturing facilities in Wisconsin, South Dakota and Texas.
Contact: James C. Green - Vice President, General Counsel and Corporate Secretary –
j.green@manitou-group.com
Manitou, THE Material-Handling Reference, is headquartered in Ancenis (West of France).
Manitou designs, assembles and distributes material-handling solutions for agriculture,
construction and industry markets. Manitou reported in 2011 revenue of €1,131 million, of
which two thirds outside France. Business is conducted under the Manitou, Gehl, Mustang,
Loc and Edge trademarks, through 1,400 independent dealers in more than 120 countries.
As of December 31, 2011, Manitou employed approximately 3,000 people of which 40%
outside France.
Corporate information is available at www.manitou-group.com
This press release contains forward-looking statements. These forward-looking statements are not
guarantees of future results and are subject to certain risks, uncertainties, assumptions and other
factors, some of which are beyond the Company’s control. These statements are based on the
Company’s current expectations and beliefs. Actual results could differ materially from the results
implied by these statements. The company is under no obligation to (and expressly disclaims any
such obligation to) update or alter its forward-looking statements whether as a result of new
information, future events or otherwise.
May 11, 2010
Austin Power Equipment is
extremely pleased to announce that it has been assigned the Mustang Compact
Equipment dealership for Travis and Williamson Counties.
Our
specialization has been compact construction equipment from the first day the
company was started in 1994. The products and product support of Mustang are
second to none in quality, performance, and workmanship. We are very proud to
represent such a fine line of construction equipment. I welcome any inquiries
you may have concerning this addition to our product line.
Also, Let me
take this opportunity to thank you most sincerely for your support over the
years. Without your help, we could not have achieved such an important
milestone as this one.
Thank you very much!
Thomas
Dieter
Austin Power Equipment 512-260-3333
