Manitowoc Acquires Indian Tower Crane Manufacturer

July 20, 2007 -- The Manitowoc Company has acquired Shirke Construction Equipments Pvt. Ltd. Headquartered in Pune, India, Shirke manufactures Potain tower cranes under license, and is the Potain distributor for India, Sri Lanka, Nepal, Bangladesh, and Bhutan. The newly acquired business will operate as Potain India Pvt. Ltd.

Eric Etchart, president of Manitowoc Crane Group, Manitowoc, Wisc., said the Shirke acquisition fits with the company's policy of providing industry leading customer service through strong local representation. “Customers in India and the surrounding region will benefit from our investment,” he said. “In addition, Potain's resources and capability in the global tower crane market will be further strengthened.”

MCG has also announced plans for a new Manitowoc Crane CARE facility to ensure its customers in the region receive the very highest levels of service.