Construction Industry News
Manitou Group has bought the intellectual property of the French company ATN Platforms. Manitou has acquired all this intellectual property from ATN Platforms, a specialist in the design and assembly of MEWPs, in particular vertical MEWPs, as part of a judicial recovery procedure before the Commercial Court of Agen.
With this acquisition, the group expands its existing product range to accelerate its development in a particularly fast-changing market.
The experience ATN Platforms has gained in this niche supports Manitou's decision, as Michel Denis, president and CEO, explains: “This is an opportunity to grow for the Manitou Group. Our two platform production sites in Candé (Maine-et-Loire) will assemble the vertical platform models resulting from the expertise of ATN Platforms to offer our customers an even wider choice of aerial work platform solutions.”
As part of the acquisition, Manitou will benefit from the expertise of a dozen ATN Platforms employees, who will remain based in Tonneins (Lot-et-Garonne), the historic site of ATN Platforms.
Founded in 2000, ATN specializes in the design and manufacture of aerial work platforms to meet the specific needs of rental companies. ATN is known in Europe as a forerunner in the field of aerial work platforms with vertical masts. The company offers a range of vertical lifts of different heights, on wheels or on tracks.
ATN Platforms had financial problems and would be placed under receivership since May.
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