Manitex Bags $18M Order For Oil & Steel Aerial Platforms In Italy

  • Manitex International Inc MNTX has secured an order worth ~$18 million for Oil & Steel aerial platforms from a major utility company in Italy. The company plans to begin product delivery in the second half of 2022.
  • Oil & Steel, part of Manitex's subsidiary PM Group, has an installed base of over 1,000 machines in Italy with customers in the utility sector.
  • "This record order underscores the work we've done improving the quality, cost, and delivery of product across our European businesses. In addition, we recently received a significant order, worth over $3 million, from the same customer for knuckle boom cranes.," commented CEO Steve Filipov.
  • Price Action: MNTX shares are trading higher by 4.12% at $6.82 on the last check Wednesday.

Posted In: BriefsNewsContracts

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.