The Manitowoc Co Inc - Company Profile
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The Manitowoc Co Inc (Manitowoc) is involved in providing lifting products and services through its wholly-owned subsidiaries. Its main activities include designing, manufacturing, and distributing a range of cranes and related services. Manitowoc's major products include lattice-boom crawler cranes, tower cranes, and mobile hydraulic cranes. Notable brands associated with the company include Grove, Manitowoc, National Crane, Potain, Shuttlelift, and Upfits by Aspen Equipment. The company's products are used by customers in industries such as energy, construction, and infrastructure for applications like heavy construction, bridge and highway projects, and commercial and residential construction. The company operates across various geographic locations, targeting markets in the Americas, Europe and Africa, and the Middle East and Asia Pacific. Manitowoc is headquartered in Milwaukee, Wisconsin, the US.
The Manitowoc Co Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Manitowoc | Parts and Services | Manitowoc |
| Grove | Rebuilding and Remanufacturing | Potain |
| Potain | Training | Grove |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In June, Implenia partnered with Stirnimann and Potain on Central Malley project in Switzerland. |
| 2023 | Contracts/Agreements | In March, the company entered into a partnership with Eurasian Machinery to expand its presence around several key economies of Central Asia. |
| 2022 | Acquisitions/Mergers/Takeovers | In October, the company’s subsidiary MGX Equipment Services, LLC acquired assets of crane rental fleet of Honnen Equipment Co. Through this acquisition, the company expand its presence in Colorado, Wyoming, and Nebraska. |
Competitor Comparison
| Key Parameters | The Manitowoc Co Inc | Caterpillar Inc | Komatsu Ltd | Liebherr-International AG | XCMG Construction Machinery Co Ltd |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | Japan | Switzerland | China |
| City | Milwaukee | Irving | Minato | Bulle | Xuzhou |
| State/Province | Wisconsin | Texas | Tokyo | Freiburg | Jiangsu |
| No. of Employees | 4,700 | 118,000 | 66,697 | 54,728 | 30,485 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Kenneth W. Krueger | Chairman | Executive Board | 2015 | 69 |
| Aaron H. Ravenscroft | President; Director; Chief Executive Officer | Executive Board | 2020 | 47 |
| Brian P. Regan | Chief Financial Officer; Executive Vice President | Senior Management | 2022 | 52 |
| Jennifer L. Peterson | Chief Legal Officer; Executive Vice President; Secretary | Senior Management | 2026 | 49 |
| Leslie L. Middleton | Executive Vice President - Americas and EU Mobile Cranes | Senior Management | 2020 | 56 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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