Manitou Group announces that it has signed an agreement with its South African distributor Dezzo Equipment for the purchase of its assets, an investment that will enable the group to sustain its activities and strengthen customer service in the region.

Dezzo Equipment has specialized in the sale of Manitou equipment and services in South Africa since 2008. The company has 28 employees and recorded sales of eight million euros in 2023.

This asset purchase, the financial terms of which are not specified, will be finalized in the third quarter of this year, following approval by the South African merger control authorities.

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