Magni Telescopic Handlers, a manufacturer of rotating and heavy telescopic handlers, has announced the purchase of 20% of its shares by Zhejiang Dingli Machinery and the creation of the Dingli European R&D Centre.
Zhejiang Dingli was founded by Xu Sughen in 1997 and is now the largest producer of aerial work platform (AWP) products in China. Dingli produces in three modern facilities covering 200,000m² and has a total investment in assets exceeding US$86m.
In the new European R&D Centre, Dingli and Magni TH will carry out new studies and design a full range of telescopic and articulated aerial work platforms. This new range will incorporate new concepts in design to improve substantially the performance of these products with the ambition to be the best AWP on the market.
Zhejiang Dingli will sell the full range of Magni TH products through its distribution network in China.
Magni TH president, Riccardo Magni, said, “Dingli’s strength in the AWP sector is renowned around the world and my 30 years of experience in the design and production of innovative telescopic machines will mean Dingli’s AWP range will be an even greater force to be reckoned with.”
Zhejiang Dingli president, Xu Sughen, said ” As family company, Magni TH shares the same core values as Dingli, is driven by innovation and has a world-beating product range. Dingli is already the largest manufacturer of AWP in China. This agreement will strengthen Dingli’s position in the AWP sector.”
February 12, 2016