HD Construction Equipment, Manitou team up to expand compact equipment sales
HD Construction Equipment is teaming up with France’s Manitou Group to expand its reach in compact construction equipment, signing a mutual sales partnership Monday (local time) at Manitou Group’s headquarters in Ancenis, France, with HD Construction Equipment President Moon Jae-young and Manitou Group President and CEO Sylvain Blaise attending. Under the agreement, HD Construction Equipment will…
HD Construction Equipment and France's Manitou Group have entered into a partnership to expand their combined sales of compact construction equipment. The agreement was finalized on Monday at Manitou Group's headquarters in Ancenis, France, with the presidents of both companies in attendance. Under the terms of the deal, HD Construction Equipment will source compact equipment from Manitou Group and sell it worldwide under its Hyundai and Develon brands.
In return, Manitou Group will incorporate HD Construction Equipment's compact equipment into its product lineup and market the items under its Manitou and Gehl brands. Manitou Group is a global supplier of construction, agricultural, and industrial equipment, with operations in 140 countries. The partnership aims to broaden HD Construction Equipment's compact equipment offerings, boost production scale, and enhance product quality and competitive pricing.
The company has set a target of generating 1.3 trillion won ($884 million USD) in revenue from the expanded compact equipment sales.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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