Manitex finalises CVS deal
US based Manitex has finally received approval to acquire the key assets of Italian port handling equipment manufacturer CVS.
They have been ‘renting’ the assets of CVS since the company’s financial crisis in mid 2010.
A majority of the CVS creditors have now approved the final liquidation plan which includes the purchase by Manitex of assets, including drawings, designs and equipment.
The transaction will be finalised in Q3 2011 and will be made through the Manitex subsidiary CVS Ferrari SRL.
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