06.08.2003

JLG acquires European telehandler range

JLG Industries has announced the acquisition of the property and related assets of a compact telehandler line from Belgium-based agricultural telehandler specialist, Etablissements Fadeur. The new machines add hydrostatic transmission telehandlers to JLG’s existing powershift transmission range. “Now we have machines for everybody,” said Maurizio Risso, sales director European telehandler at JLG.

The acquisition follows the recent $100 million (€88.16 million) agreement between JLG and Textron in the US, under which it will acquire the OmniQuip business of Textron. The deal will include the purchase of the assets of Trak International, by JLG, comprising all operations relating to the Sky Trak and Lull brand telehandler products.

JLG said that it now leads the US telehandler market and that worldwide it falls short of just two companies, namely Manitou and JCB.