HE Equipment Services Announces Sale of Crane Business to The Manitowoc Company for $130 Million
BATON ROUGE, La.--(BUSINESS WIRE)---- $HEES--HE Equipment Services, Inc. (NASDAQ: HEES) (HE) today announced that it has entered into a definitive agreement to sell its crane business to a wholly-owned subsidiary of The Manitowoc Company, Inc. (NYSE: MTW), a leading global manufacturer of cranes and lifting solutions, for $130 million in cash. The transaction is expected to close during the fourth quarter of 2021, subject to customary closing conditions, including regulatory approval under th
HE Equipment Services Announces Sale of Crane Business to The Manitowoc Company for $130 Million
BATON ROUGE, La.--(BUSINESS WIRE)---- $HEES--HE Equipment Services, Inc. (NASDAQ: HEES) (HE) today announced that it has entered into a definitive agreement to sell its crane business to a wholly-owned subsidiary of The Manitowoc Company, Inc. (NYSE: MTW), a leading global manufacturer of cranes and lifting solutions, for $130 million in cash. The transaction is expected to close during the fourth quarter of 2021, subject to customary closing conditions, including regulatory approval under th