Japan-based Tadano Ltd. announced in December the purchase of 100 percent of SpanDeck stock. In a statement on the Tadano website, the company said the purpose of the acquisition was to further expand business into the lifting equipment domain. Through the takeover of Franklin, Tenn.-based SpanDeck, Tadano plans to expand its business by incorporating the company’s Mantis range of products and development capabilities.
Tadano said the acquisition will have a negligible effect on its consolidated accounts for the fiscal year ending at March 31, 2009. As for influences it may exert in the future, the company will provide relevant information whenever necessary.
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