Manitou to acquire Gehl

Nov 24, 2008

French-based material handling equipment manufacturer Manitou will acquire compact equipment manufacturer Gehl, in a transaction valued at $450 million. Manitou, Gehl’s largest shareholder, will purchase the company for $30 per share, a 120-percent premium over the company’s closing price on September 5, 2008.

The tender offer will remain open until October 20, 2008. Gehl’s management team is expected to remain in place, company officials stated.

The Prinoth Panther XL and its trailer haul supplies to the Norwegian Polar Institute's research station in Antartica. The institute recently placed an order for 10 more of the extreme crawler carriers.

Extreme Machine: Prinoth’s Massive Panther XL Crawlers Traverse Antarctica

The 45,240-pound tracked carrier and its trailer can haul up to 150 tons over snow and ice on multi-day journeys.

A Closer Look: Yanmar’s ViO35-7 Mini Excavator Packs Power, Zero Tail Swing

Rodradar's LDR buckets are designed to detect underground utilities in real time while digging.

Rodradar Intros Ground Penetrating Radar Buckets for Large Excavators

Toyota Reveals 2026 Tundra with Engine Choices, New Standard Features

Bull Equipment Charges Into U.S. Market with Low-Cost Mini Excavator Lineup

Why excavator 3D machine control is right for you.

When it comes to your OTR (off-the-road) tires, nothing is more important than having proper tire inflation. This directly impacts the performance and longevity of your tires, which is linked to the overall productivity of your operation.