Manitowoc completed the acquisition of Aspen Equipment for $51m.

Manitowoc, a manufacturer of cranes and lifting solutions, completed the acquisition of Aspen Equipment, a crane dealer, for $51m. “We are pleased to welcome the Aspen team to the Manitowoc family. Our combined businesses provide unique synergies to accelerate our growth in the coming years. From a new machine perspective, Aspen’s upfitting business fits nicely with our National Crane boom truck business and will enable us to better serve key end markets, such as utility and telecommunications customers. Additionally, Aspen’s aftermarket business will complement our previously announced acquisition of H&E’s Crane business,” Aaron Ravenscroft, Manitowoc President and CEO.