Manitou completes pair of majority ownerships
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16 January 2024
Manitou Group has finalised the acquisition of a 75% stake in Italian companies Come and Metal Work, following its announcement in November last year that it would invest in them.
The majority ownership of two of France-based Manitou’s most longstanding partners will allow it to integrate the manufacturing of strategic components.
Come specialises in the production of mechanically welded parts and is based in Emilia Romagna. The company achieved a €46 million turnover in 2022 and employs 280 people.
Laser cutting and folding company Metal Work is also based in Emilia Romagna. It has 70 employees and posted revenue of €31 million last year.
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