Power Towers, a Leicester-based manufacturer of low-level access equipment, has been acquired by JLG Industries — a Pennsylvanian manufacturer of aerial work platforms.
The latter bought the business for an undisclosed sum; the 30-strong workforce will be retained.
Brian King, managing director of Power Towers, said: “We are excited to be joining JLG. It gives us the opportunity to realise our manufacturing and sales potential via JLG’s network, while staying true to our position as pioneers in the industry.”
Karel Huijser, JLG’s vice-president and general manager in Europe, said the deal will allow his firm to expand its low-level access portfolio, which currently comprises self-propelled mast lifts, stock pickers and a line of personal portable lifts.
He added: “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.”