Oshkosh to acquire Hinowa S.p.A. for ~$192M, expanding access equipment lineup

OSHKOSH CORP

Purchase price of €186M (~$192M) on cash-free, debt-free basis, payable in cash.
Hinowa manufactures track-based aerial work platforms, mini dumpers, lift trucks; will join Access Equipment segment.
Acquisition expected to close within 90 days, subject to customary conditions.
Hinowa has been a JLG supplier since 2010, producing compact crawler boom lifts including electric, hybrid, diesel models.
Hinowa employs ~230 team members at facilities in Nogara, Italy; Oshkosh sees acceleration of electrification capabilities.

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