Gehl, Manitou Announce Strategic Alliance in the U.S. Telescopic Handler Markets

Mon July 26, 2004 - National Edition

Gehl Co. recently announced the formation of a strategic alliance with Manitou, the world’s largest manufacturer of telescopic handlers.

Beginning in 2005, Gehl and Manitou will distribute select models of each other’s telescopic handler product lines in the U.S. agricultural and construction markets through their respective dealer networks. Pursuant to a License Agreement with Manitou, Gehl will also begin to manufacture two series of Manitou compact telescopic handlers for the agricultural and construction markets at Gehl’s facility in Yankton, SD.

Gehl’s Chairman and CEO William D. Gehl said, “This is an excellent opportunity for Gehl Co. to broaden its product offerings to better serve the growing U.S. telescopic handler markets and to expand production at our Yankton manufacturing facility. Manitou’s leadership position in telescopic handlers will be a strong asset in our mutual goal to further grow our presence in the U.S. telescopic handler industry.”

Manitou, incorporated in Nantes, France, manufactures rough-terrain forklift trucks (rough-terrain masted trucks and telescopic handlers).

Gehl Co. is a manufacturer of compact equipment used worldwide in construction and agricultural markets. Founded in 1859, the company is headquartered in West Bend, WI, with manufacturing facilities in West Bend, WI; and Madison and Yankton, SD. The Company markets its products under the Gehl and Mustang brand names.