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Stock impact report

The Manitowoc Company Expands Its Direct-to-Customer Footprint; MGX Appointed Hiab Dealer for the U.S. in 13 States

Manitowoc Company, Inc. (The) (MTW) 
Last manitowoc company, inc. (the) earnings: 2/6 04:31 pm Check Earnings Report
Company Research Source: Business Wire
MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”), announced today that its wholly-owned subsidiary, MGX Equipment Services, LLC (“MGX”), has completed a strategic dealer agreement with Hiab. The agreement expands the MGX and Manitowoc direct-to-customer footprint by adding distribution of HIAB loader cranes with aftermarket parts and service support for a diverse range of end market customers. MGX will now serve Hiab customers in the following U.S. states: Colorado, Delaware, Iowa, Maryland, Minnesota, Montana, Nebraska, New Jersey, North Dakota, South Dakota, Virginia, Wyoming, and Utah.“This agreement accelerates the growth of MGX & Manitowoc in the U.S. By expanding our direct-to-customer reach, we can deliver more value through faster response times, stronger service capability, and deeper customer engagement. Together with Hiab, we are strengthening our position in key markets and creating new opportunities to scale across a b Show less Read more
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