Tadano Ltd. has officially announced it has entered a share purchase agreement to acquire all the shares of Nagano Industry.
Nagano Industry is a renowned manufacturer of self-propelled crawler aerial work platforms in Japan. A press release announcing the acquisition late on December 14 stated the integration of Nagano Industry into the Tadano Group signified a “new chapter of growth and collaboration”, reinforcing Tadano’s “dedication” to advancing the aerial work platform industry.
“As Tadano continues to evolve, the company remains focused on delivering excellence, innovation, and unparalleled value to its customers worldwide,” it said.
Nagano Industry was founded in 1968 and sold nearly AUD $60 million in products in 2022. The company’s products are highly specialised and are used in a wide range of fields such as construction and civil engineering, as well as factories, shipbuilding, and maintenance sites, making it a highly regarded manufacturer of self-propelled high-altitude equipment.
Nagano Industry brings a “wealth” of expertise and a “stellar” reputation as a top manufacturer of self-propelled crawler aerial work platforms in Japan, according to the press release. The acquisition of Nagano Industry allows Tadano to expand its product offerings to include self-propelled aerial work vehicles—a category in high demand worldwide. With a market share of over 30 per cent in Japan for truck-mounted aerial work platforms, Tadano has put itself in the position to leverage Nagano’s “advanced” development and manufacturing technologies to drive further growth in the company’s aerial work vehicle business.
Tadano Group was founded in Japan in 1955, when it developed Japan’s first hydraulic truck crane. Today, the company distributes its products globally, selling cranes from hydraulic truck cranes through to 1600-tonne capacity crawler cranes.
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