Manitou Group to Acquire Assets of South African Dealer Dezzo Equipment

Manitou Group, known for its work in handling, aerial platforms, and earthmoving, has announced its agreement to acquire assets from the South African dealer, Dezzo Equipment. The acquisition is set to be finalized in Q3 2024, pending approval from South African merger control authorities. This strategic move aims to enhance Manitou's service offerings and its presence in key South African regions.

Dezzo Equipment, established in 2008, has been integral in distributing Manitou's products and services across the Northern Cape and Mpumalanga regions. With 28 employees and sales reaching 8 million euros in 2023, Dezzo has played a significant role as a Manitou equipment dealer. Darren Hall, Vice President Middle East Africa and Managing Director of Manitou Southern Africa, expressed confidence in this acquisition, highlighting the added expertise and enhanced service levels expected for Manitou customers in the region.