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| Oshkosh L-ATV in M1278 Heavy Guns Carrier JLTV configuration and equipped with M153 CROWS II remote weapon system integrated with M2 Browning .50 Caliber heavy machine gun. Image: Oshkosh/Wikimedia/CC BY-SA 4.0 |
An agreement has been reached between the military vehicle division of Oshkosh Corporation and the machinery division of Hinowa, which is owned by the Italian company.
With the help of this acquisition, the company based in Wisconsin will be able to broaden its product offering and support its aspirations for quick expansion.
A privately held global firm, Hinowa is known for its track-based aerial work capabilities, lift trucks, undercarriages, and miniature dumpers.
The company was an early adopter of lithium-ion battery technology and has since established itself as a market leader in the construction of innovative track layouts and electrification systems.
John Pfeifer, the CEO and President of Oshkosh Corporation, expressed his excitement about the possibility of incorporating the Hinowa team into the Oshkosh family.
"This purchase will accelerate our expertise in the area of electrification and give growth prospects across both our core industries and adjacent areas."
JLG compact crawler boom lifts are available from Hinowa in electric, diesel, and hybrid power configurations, depending on the model.
As a direct result of the numerous commercial prospects it offers, Oshkosh's equipment division will incorporate Hinowa into its operations.
"Combining our expertise will enable us to better service customers and expand our operational footprint in Europe," said Frank Nerenhausen, who is both the President of JLG Industries and the Executive Vice President of Oshkosh Corporation. JLG Industries is a subsidiary of Oshkosh Corporation.
Dante Fracca, Owner and Founder of Hinowa, stated that "Our successful 12-year relationship with JLG, combined with similar fundamental principles of culture, safety, productivity, and sustainability position us well for the future."
