New Turkish owner for Hy-Brid Lifts

Turkish company ASKO has acquired a majority stake in the US-based Hy-Brid Lifts. ASKO is also the owner of Turkish aerial platform manufacturer ELS Lift and construction equipment manufacturer MST Construction Machinery.

Hy-Brid Lifts-ASKO The Hy-Brid Lifts and ASKO teams.

ASKO is headquartered in Turkey and operates in the construction machinery, agricultural machinery, energy and technology sectors through its eight companies and subsidiaries.

In addition to ELS Lift - which produces scissor lifts, vertical mast lifts and boom lifts - it also owns MST Construction Machinery, which makes telehandlers, backhoe loaders and excavators.

The partnership is set to increase the Hy-Brid Lifts product offering and provide working capital for accelerated growth in all areas.

“The next chapter for Hy-Brid Lifts has started with this partnership with ASKO. We see this as a great opportunity for our customers as we will be bringing new products to the market, accelerating R&D and increasing our sales and service support,” said Jay Sugar, CEO and President of Hy-Brid Lifts.

Sami Konukoğlu, Founder and Chairman of the Board of ASKO, said; “We are very excited to welcome Hy-Brid Lifts and its skilled employees into the ASKO family.

“With Hy-Brid Lifts’ track record of producing innovative high-quality products and having an established dealer network, this investment fits into ASKO’s strategy to become a global player and expand in North America.”

Lithium option introduced to Hy-Brid Lifts Hy-Brid Lifts is now offering lithium batteries, along with other new options 
STAY CONNECTED


Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

CONNECT WITH THE TEAM
Euan Youdale Editor Tel: +44 (0)1892 786 214 E-mail: [email protected]
Lindsey Anderson Editor Tel: +1 312 929 4409 E-mail: [email protected]
Tony Radke Sales Manager Tel: +1 480 478 6302 E-mail: [email protected]
Ollie Hodges Sales Manager Tel: +44 (0)1892 786253 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA