Manitex International

What Manitex International does

Manitex International is a U.S.-based manufacturer of specialized lifting equipment, producing mobile truck cranes, truck-mounted cranes, knuckle boom cranes, and material handling solutions for construction, logistics, mining, and industrial customers. The company's core technology centers on hydraulic lifting systems with proprietary differentiators including IoT-enabled monitoring for remote tracking and diagnostics, and remote operation capabilities for crane control. It holds a leading 36.7% market share in the medium-duty crane segment (7-20 metric tons), making scale in that category its strongest competitive position.

The company generates revenue through hardware sales of cranes and specialized lifting equipment, with pricing typically quoted per customer specification rather than via published list pricing. Go-to-market was historically a mix of direct sales representatives and distributor networks, targeting enterprise customers across four primary verticals. It was publicly traded on NASDAQ under the ticker MNTX until January 2025, when it was acquired by Tadano Ltd. of Japan at $5.80 per share and became a wholly owned subsidiary, delisting from public markets.

Following the Tadano acquisition, Manitex's products are integrated into a broader portfolio that includes all-terrain cranes, city cranes, lattice boom crawler cranes, rough terrain cranes, telescopic boom crawler cranes, pick & carry cranes, and aerial work platforms. The combined entity is positioned as one of the largest specialized lifting companies globally, with distribution spanning 19 regional markets across the Americas, Europe, Asia, Africa, and Oceania. Standalone financial trajectory through 2023 showed revenue growth from approximately $167.5M in 2020 to $291.4M in 2023, with net income inflecting positive at $7.4M after multi-year losses.

Name

Manitex International

Legal name

Manitex International

Website

https://manitexinternational.com

Company type

Private

Founded year

1993

Operating status

Acquired

Headcount range

501–1,000 employees

Short description

Manitex International manufactures mobile truck cranes, knuckle boom cranes, and material handling equipment for construction, logistics, mining, and industrial customers. It was acquired by Tadano Ltd. in January 2025 and now operates as a wholly owned subsidiary.

Ownership category

akta.pro rank

Product category

Mobile Cranes and Lifting Equipment

NAICS

Industrial Machinery Manufacturing (33324)

SIC

Special Industry Machinery, Nec (3559)

akta.pro primary industry

Cranes, Hoists & Overhead Material Handling (Industrial) (IMAHABAE)

akta.pro secondary industry

Lifting Attachments & Material Handling Accessories (Fork Attachments, Slings, Rigging) (IMAHABAJ)

Keywords

• Mobile crane manufacturing
• Truck-mounted cranes
• Knuckle boom cranes
• Industrial lifting equipment
• Material handling solutions

Headquarters

HQ city

Bridgeview

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Crane Manufacturing and Sales: Manitex International generates revenue through the manufacture and sale of mobile cranes, truck loader cranes, and specialized lifting equipment to construction, logistics, mining, and industrial customers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Manitex International manufactures and sells specialized mobile lifting equipment, including truck-mounted cranes, knuckle boom cranes, and material handling solutions. The company's product portfolio targets medium-duty cranes (7-20 metric tons) where it holds a leading 36.7% market share, serving construction, logistics, mining, and industrial customers globally. Following its January 2025 acquisition by Tadano Ltd., Manitex products complement Tadano's broader crane lineup.

Product overview

Manitex International was a single-brand product company offering specialized mobile cranes and lifting equipment, including truck-mounted cranes, knuckle boom cranes, and material handling solutions. The company operated as an independent publicly traded entity until January 2025, when it was acquired by Tadano Ltd. and became a wholly owned subsidiary. As part of Tadano's portfolio, Manitex products complement Tadano's existing crane offerings, including all-terrain cranes, city cranes, lattice boom crawler cranes, rough terrain cranes, telescopic boom crawler cranes, pick & carry cranes, and aerial work platforms.

Differentiator

Problem solved

Functional benefit

Products and services

• Truck-Mounted Cranes Mobile cranes mounted on truck chassis designed for heavy lifting and material handling. Targeted at construction companies, logistics operators, mining firms, and industrial facilities needing versatile, road-capable lifting equipment.
• Knuckle Boom Cranes Articulating boom cranes with a folding knuckle design that delivers powerful, precise lifting in a compact, versatile form factor. Designed for efficient operation in confined or complex work environments.
• Material Handling Equipment Specialized equipment for material handling applications serving industrial manufacturing and logistics operations requiring efficient movement of heavy loads.

Quantifiable outcome

• Medium-duty cranes (7-20 metric tons) hold leading market share at 36.7%

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Tadano Ltd.coreStrategic or Co-development Partner · 1 January 2025Tadano Ltd., a Japan-based company, acquired Manitex International in January 2025 at $5.80 per share. Manitex operates as a wholly owned subsidiary of Tadano, strengthening Tadano's position as one of the largest specialized lifting companies globally with expanded product portfolio in mobile cranes and lifting equipment.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Hiab (Cargotec): Hiab, part of Cargotec, is a leading manufacturer of truck-mounted loader cranes, demountables, and material handling equipment. It directly competes with Manitex in truck loader cranes and serves similar end markets including construction, logistics, and delivery.
• Palfinger AG: Palfinger is a global leader in truck-mounted loader cranes and lifting solutions, directly competing with Manitex in knuckle boom and truck loader cranes. Its product portfolio and customer base (construction, logistics, utilities) closely overlap with Manitex's, making it one of the most direct comparables.
• Effer: Effer is a manufacturer of heavy-duty knuckle boom cranes mounted on trucks, directly comparable to Manitex's articulated truck crane offering. Both target construction, heavy haul, and industrial lifting applications with similar product categories.
• Fassi Gru: Fassi is an Italian manufacturer specializing in articulated (knuckle boom) truck cranes, directly overlapping with Manitex's core knuckle boom crane product line. It serves similar customers in construction, utilities, and logistics across global markets.
• The Manitowoc Company: Manitowoc is a major manufacturer of mobile cranes including all-terrain, rough terrain, and crawler cranes through its Grove and Potain brands. While broader in scope, it directly competes with Manitex in mobile lifting equipment sold to construction and rental customers.

Emerging players

• XCMG Group: XCMG is a Chinese construction equipment manufacturer with one of the world's broadest crane lineups, including mobile, crawler, and tower cranes. It competes with Manitex globally with a value-pricing positioning that pressures incumbents in cost-sensitive segments.
• Sany Heavy Industry: Sany is a Chinese heavy equipment manufacturer rapidly expanding globally in mobile cranes with competitively priced offerings. It increasingly competes with Manitex in the medium-duty mobile crane segment and is a meaningful share threat in international markets.

Broad incumbents

• Terex Corporation: Terex is a diversified industrial equipment manufacturer with significant exposure to aerial work platforms and rough terrain cranes (Genie brand). It competes with Manitex across construction end markets but operates at significantly larger scale with a broader portfolio.
• Liebherr: Liebherr is a privately held global manufacturer with a broad crane portfolio including mobile, crawler, and tower cranes. It competes with Manitex across multiple mobile lifting categories and serves similar construction and infrastructure customers globally.
• Tadano Ltd. Tadano is the Japan-based parent company that acquired Manitex in January 2025 and is itself a major global crane manufacturer with all-terrain, rough terrain, and crawler crane lines. As parent and a broader incumbent in mobile cranes, Tadano represents the combined platform of which Manitex is now a part.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks4 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/ManitexInternational
• LinkedInlinkedin.com/company/manitex-international

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Manitex International