Manitou Group — M&A Activity 2017

May 8, 2017

Manitou completes the acquisition of Terex Equipment Private Limited in India

/Ancenis, ⁸ May ²⁰¹⁷ – Manitou group, world-leader in all-terrain material-handling, finalized the acquisition of Terex Equipment Private Limited (TEPL) in India.

Founded in 2003, TEPL is specialized in design, manufacture and distribution of construction equipment, mostly backhoe loaders and skid steer loaders and achieved a 30 million euros revenue in 2016, mostly in Southern Asia. Manitou Group reinforces its ambitions for the handling market in India and, on a broader level, in Asia and emerging countries.

Michel Denis, President & Chief Executive Officer of Manitou Group stated: "We are very proud of this acquisition. With TEPL, Manitou reinforces its presence in emerging markets. We will continue to develop the TEPL solid dealer network as well as the services approach and to capitalize on the strong industrial basis to also develop new product ranges for Asia and emerging countries".

ISIN code: FR0000038606

Indices: CAC All-Tradable, CAC Ind. Engin. CAC Industrials, CAC Mid & Small, CAC Small, Enternext PEA PME 150 Euronext® Family Business

Manitou Group, world-leader in all-terrain material-handling, designs, manufactures, distributes and services equipment for construction, agriculture and the industries.

The group product ranges encompass: telehandlers, all-terrain, semi-industrial and industrial masted forklifts, skidsteers, track loaders, articulated loaders, access platforms, truck-mounted forklifts, warehousing equipment and attachments.

June 8, 2017 (after market closing): Shareholders' meeting

Through its core brands, Manitou, Gehl, and Mustang, together with its international network of 1,400 independent dealers, the group provides the best solutions delivering highest value for its customers.

Headquartered in France, the group registered in 2016 a revenue of €1.3 billion in 140 countries, and employs 3,300 people all committed to satisfying customers.