McConnellsburg, Pa. — June 2, 2015 — JLG Industries, Inc., an Oshkosh Corporation company [NYSE:OSK] and a leading global manufacturer of aerial work platforms and telescopic material handlers, acquired Power Towers Ltd., a leading low level access equipment manufacturer based in Leicester, UK on June 1, 2015. The terms of the deal were not disclosed.
“This important acquisition strengthens our existing portfolio of low level access lifts and demonstrates our commitment to the European market,” said Frank Nerenhausen, JLG Industries president. “The addition of Power Towers products and people allows JLG to become an even stronger partner to our customers.”
Founded in 2007, Power Towers specializes in the engineering and manufacturing of low level access products. Power Towers currently offers seven lift models, both self-propelled and push around, that are rated for indoor and, in some cases, outdoor use.
The company employs about 30 people, all of whom will be retained through the acquisition. “We are excited to be joining JLG,” said Brian King, managing director of Power Towers. “It gives Power Towers the opportunity to realize its manufacturing potential and sales potential via JLG’s network while staying true to our position as pioneers in the industry.”
With the acquisition of Power Towers, JLG expands its low level access portfolio, which currently includes push around and self-propelled mast lifts and stock pickers, and the LiftPod® line of personal portable lifts.
“JLG and Power Towers share a common culture of innovation, simplification, and ethical business practices. We look forward to sharing these products with our customers,” said Karel Huijser, JLG’s vice president and general manager - EMEA.
For more information about JLG, visit www.jlg.com/en/JLG-PowerTowers.
About Power Towers Ltd.
Founded in 2007, Power Towers Ltd. is a market leading designer, manufacturer and marketer of a wide range of innovative and award-winning low level lifts. Power Towers’ portfolio includes low level powered access and non-powered powered access products. For more information about Power Towers Ltd., visit www.powertowers.com.
About JLG Industries, Inc.
JLG Industries, Inc. is a world-leading designer, manufacturer and marketer of access equipment. The Company’s diverse product portfolio includes leading brands such as JLG® aerial work platforms; JLG and SkyTrak® telehandlers; and an array of complementary accessories that increase the versatility and efficiency of these products. JLG is an Oshkosh Corporation company [NYSE: OSK]. For more information about JLG Industries, Inc., visit www.jlg.com.
About Oshkosh Corporation
Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of access equipment, commercial, fire & emergency, military and specialty vehicles and vehicle bodies. Oshkosh Corporation manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Jerr-Dan®, Frontline™, CON-E-CO®, London® and IMT®. Oshkosh products are valued worldwide by rental companies, concrete placement and refuse businesses, fire & emergency departments, municipal and airport services and defense forces, where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, visit www.oshkoshcorporation.com
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
