Tadano buys aerial platform manufacturer
15 December 2023
Crane manufacturer Tadano is strengthening its aerial platform business with the full acquisition of Nagano Industry, the Japanese manufacturer of crawler mounted aerial work platforms.
No financial details have been provided.
The deal will add Nagano’s tracked telescopic and articulating boom models, including a large-deck, high-capacity model, to Tadano’s range of vehicle mounted aerial platforms which are sold mainly in Japan and Asia.
Tadano said Nagano would bring a wealth of expertise and a “stellar reputation” as a manufacturer of crawler mounted aerial work platforms in Japan.
It will expand its product offering to include aerial platforms, which Tadano described as “a category in high demand worldwide.”
Tadano added; “With a market share of over 30% in Japan for truck-mounted aerial work platforms, Tadano is poised to leverage Nagano’s advanced development and manufacturing technologies to fuel further growth in the aerial work vehicle business.”
Nagano was founded in 1968 and reported sales of Yen 5.6 billion (€36 million) in 2022.
It has sales offices in Europe (Nagano Europe, based in the Netherlands), as well as representation in Hong Kong, Taiwan and South Korea.
Tadano is best known for its mobile cranes, producing a wide range of truck and crawler mounted models for sale worldwide. It acquired the Demag brand of cranes from Terex Corp in 2019.