Manitou Group is looking to expand its electric machine ranges over the next five years. The goal is that 28% of all machines sold by the company in 2030 will be electric.
The company is also planning to accelerate the development of new products and services, consolidate its strong position in telehandlers and reinforce its presence in the aerial work platform market. Circularity will play a major role in the future, and Manitou plans to deploy machine reconditioning centres and develop retrofit offers.
“Faced with a geopolitical and economic environment of unprecedented volatility, and ever-increasing competition, we must continue to adapt constantly to consolidate our leadership and offer ever more sustainable and efficient solutions to our customers,” comments Michel Denis, president and CEO of the Manitou Group.
The company will invest €600 million over the next five years, and the plan is to generate revenues in excess of €3.8 billion a year by 2030 (€2.7 billion in 2024).
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