Dingli Acquires Interest In Magni Telescopic Handler

By Mike Brezonick11 February 2016

Italy’s Magni Telescopic Handler (Magni TH) announced that Chinese lift manufacturer Zhejiang Dingli Machinery Co. Ltd (Dingli) has purchased 20% of Magni TH shares. Financial details were not disclosed.

 According to Magni TH, the deal provides an increase of capital for the Italian manufacturer as well as the creation of a Dingli European R&D center, where the two companies will develop new studies and design a full range of telescopic and articulated aerial work platforms (AWPs). This new range will incorporate new design concepts intended to substantially improve performance, the companies said.

As part of the agreement, Dingli will sell the full range of Magni TH products through its distribution network in China. Dingli domestic production includes three facilities with 200 000 m2 surface area and a total investment in assets exceeding US$86 million.

Latest News
World of Concrete sees strong attendance in Las Vegas
The 49th annual tradeshow drew 48,000 registrants, almost back to pre-pandemic levels
JLG completes acquisition of Hinowa
Deal expected to increase JLG’s presence in niche industries such as agricultural, landscape and vegetation management
Generac expands into home electric vehicle chargers
Level 2 charger designed to recharge an electric vehicle in four to six hours