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Acquisition of Sales and Service Distributors in the Netherlands and Belgium

We are pleased to announce that Tadano Faun GmbH in Germany (a wholly owned subsidiary of Tadano Ltd.) has acquired of its two sales and service distributors, Waterland Trading B.V. (Netherlands) and Waterland Trading B.V.B.A. (Belgium), as of January 2, 2018, with the aim of strengthening sales and service in the Netherlands and Belgium.

1. Purpose of the Acquisition
The Tadano Group is working to increase shares and expand international business in order to realize our long term goal of becoming No.1 worldwide in the Lifting Equipment industry. As a manufacturer and seller of All Terrain Cranes, Tadano Faun GmbH acquired these two businesses which have long served as distributors for Tadano Ltd., in order to strengthen sales and service in the Netherlands and Belgium. Through this, Tadano Group aims to increase sales and shares in Europe.

2. Company Outline

Name Tadano Nederland B.V.
(Former name : Waterland Trading B.V.)
Tadano Belgium B.V.B.A.
(Former name : Water land Trading B.V.B.A.)
Establishment May 1992 October 2003
Address Purmerend, Netherlands Diest, Belgium
Capital 18,151 euro(approx. 2.45 million yen) 400,000 euro(approx. 54 million yen)
Areas of Business Sales of Tadano Faun GmbH products, after service and sales of secondhand products 
President Rolf Sonntag (Director of Tadano Faun GmbH)
Sales Net sales for 2018: 25.74 million euro (approx. 3.47 billion yen, total of both businesses) 

3. Outline Tadano Faun GmbH

Name  Tadano Faun GmbH
Address Faunberg 2, P.O. box 100108, D-91207, Lauf a.d. Pegnitz, Germany
Areas of Business Sales, service and manufacturing of construction cranes
President Kenichi Sawada
Number of Employees 719 as of November 2017 (861 including contract staff)
Sales 319 million euro (approx. 43 billion yen) for the fiscal year 2016

Note: Exchange rates calculated at 135 yen per euro (January 3, 2018 rate)

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