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: TechAgreements

Manitex International, Inc. Signs Exclusive Operating Agreement For CVS Ferrari Container Handling Business

By TechAgreements

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The Company initially plans to rent the operations of CVS in Italy, and then acquire the business following approval by the CVS creditors' meeting under the "Concordato Preventivo", process in Italy. The rental period could extend for up to two years, but a shorter period is anticipated. As at the agreement date, CVS has a backlog of orders of approximately $10 million for delivery during 2010.

Full post as published by TechAgreements on July 06, 2010 (boomark / email).

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