Dingli to fully acquire MEC
02 November 2023
Dingli is set to fully acquire US-based MEC Aerial Work Platforms, in a deal that will initially see it extend the 25% share it currently has in the company to nearly 50%.
MEWP specialist MEC, which has been established for more than 45 years, and Dingli became manufacturing partners in 2016 before the relationship was enhanced with the minority ownership stake in 2018.
China-based Dingli’s further investment in MEC brings its total ownership to 49.8%. The plan is then for Dingli to buy the outstanding shares of MEC and take entire ownership of the company.
According to MEC, the synergies between the two companies has led to rapid growth and advances in innovation, including the introduction of MEC’s Micro Scissors, Leak Containment System and scissor lift Xtra-Deck.
David White, President of MEC said the company will now be able to expand its US facilities with additional investments, including in a California-based research centre and an East Coast parts center.
“Dingli’s manufacturing expertise and quality is truly world class and industry leading. We have had a great partnership unlike any I’ve seen in my 30-plus years in this industry and I am truly excited for our future together.”
White added, “Because we’ve been working together so long already, it is business as usual but elevated with greater synergies and working capital to achieve our mission of Better Solutions for this industry in safety and productivity.”
“The MEC team you have placed your confidence in will continue to bring innovation to the industry through carefully listening to your challenges. The joining of the strengths of each company will only increase the availability of machines and faster accelerate the pace of innovation.
“The MEC tradition of Great Products, Great People and Great Partnerships continues.”