Manitou Group to acquire the assets of Dezzo Equipment

Manitou Group, a world reference in the handling, aerial work platform and earthmoving sectors, announced an agreement for an asset deal with its South African dealer Dezzo Equipment. This investment will enable the group to sustain its activities and strengthen its service to customers in the region. This assets deal will be finalized in Q3 2024, following approval by the South African merger control authorities.

Dezzo Equipment has specialized in the sale of Manitou equipment and services in South Africa since 2008. The distributor's various sites cover the Northern Cape and Mpumalanga regions. Dezzo Equipment employs 28 people and had sales of 8 million euros in 2023.

Darren Hall, Vice President Middle East Africa and Managing Director of Manitou Southern Africa, comments, “Dezzo Equipment has a huge expertise, with many technicians and a perfect knowledge of our products and services. We are proud to integrate the staff into Manitou Group. This operation will enable us to maintain and strengthen our products and services offer to our customers in these two areas.”