Manitowoc Settles Action Seeking Damages for Misappropriation of Manitowoc’s Trade Secrets
The Manitowoc Company, Inc. (NYSE: MTW) announced today that on March 19, 2019, Manitowoc and Sany America, Inc. and Sany Heavy Industry Co., Ltd entered into a consent decree and agreed to settle Manitowoc’s action in the United States District Court for the Eastern District of Wisconsin.
About The Manitowoc Company, Inc.
Founded in 1902, The Manitowoc Company, Inc. is a leading global manufacturer of cranes and lifting solutions with manufacturing, distribution, and service facilities in 20 countries. Manitowoc is recognized as one of the premier innovators and providers of crawler cranes, tower cranes, and mobile cranes for the heavy construction industry, which are complemented by a slate of industry-leading aftermarket product support services. In 2018, Manitowoc’s net sales totaled $1.8 billion, with over half generated outside the United States.