Manitex International, Inc. (NASDAQ:MNTX) , a leading provider of engineered lifting solutions including boom truck cranes, rough terrain cranes, rough terrain forklifts and special mission oriented vehicles, today announced a distribution agreement with Darwish Bin Ahmed & Sons (DBA), a well diversified corporation with operations or distribution in 35 countries for distribution of the entirety of Manitex's crane product line throughout the emirates of Abu Dhabi & Al Ainand and The Kingdom of Saudi Arabia. Additionally, Manitex International also reached agreement for distribution throughout Dubai and the Northern Emirates with United Motors & Heavy Equipment L.L.C., also a part of DBA Group. Both of these dealers are authorized sellers of German manufactured MAN trucks, which are recognized worldwide leaders in vocational truck chassis, which will be exclusively used with the Manitex cranes.
Scott Rolston, SVP of Sale and Marketing for Manitex International, Inc. commented, "Our international market expansion efforts have been successful, as we have thus far in 2009 realized a 100 percent increase in the business we do outside of North America compared to all of last year. We have received significant original stocking orders with this new customer. And with this new agreement, we believe that there is opportunity for us to double that percentage again in 2010/2011. We look forward to providing our quality products and technology to the DBA Group and enabling them to continue to better serve their customers' specialty equipment needs."
Throughout 2009, the joint introductions by Manitex and DBA of five Manitex crane platforms into the region have been met with outstanding customer reviews and dealer feedback. With this formal agreement, it is expected the entire Manitex product line will become available through the United Arab Emirates and the Kingdom of Saudi Arabia in 2010.
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