JLG acquires Power Towers
JLG Industries, Inc., an Oshkosh Corporation company and a global manufacturer of aerial work platforms and telescopic material handlers, acquired Power Towers Ltd., a leading low level access equipment manufacturer based in Leicester, UK on June 1, 2015. The terms of the deal were not disclosed.
“This important acquisition strengthens our existing portfolio of low level access lifts and demonstrates our commitment to the European market,” said Frank Nerenhausen, JLG Industries president. “The addition of Power Towers products and people allows JLG to become an even stronger partner to our customers.”
Founded in 2007, Power Towers specializes in the engineering and manufacturing of low level access products. Power Towers currently offers seven lift models, both self-propelled and push around, that are rated for indoor and, in some cases, outdoor use.
The company employs about 30 people, all of whom will be retained through the acquisition. “We are excited to be joining JLG,” said Brian King, managing director of Power Towers. “It gives Power Towers the opportunity to realize its manufacturing potential and sales potential via JLG’s network while staying true to our position as pioneers in the industry.”
With the acquisition of Power Towers, JLG expands its low level access portfolio, which currently includes push around and self-propelled mast lifts and stock pickers, and the LiftPodline of personal portable lifts.
“JLG and Power Towers share a common culture of innovation, simplification, and ethical business practices. We look forward to sharing these products with our customers,” said Karel Huijser, JLG’s vice president and general manager – EMEA.