Hy-Brid Lifts Announces Strategic Partnership With ASKO

The partnership is meant to bring new products to the market, accelerate R&D and increase sales and service support.

Hy Brid Lifts Asko
Hy-Brid Lifts

Hy-Brid Lifts, an engineer and manufacturer of all-purpose lifts in electric, self-propelled and push-around models, has announced it has entered into a strategic partnership with ASKO, who is acquiring a majority stake in the company.

ASKO is headquartered in Turkey and operates in the construction machinery, agricultural machinery, energy and technology sectors through its eight companies and subsidiaries. ASKO currently owns ELS Lift, who produces a range of scissor lifts, vertical mast lifts and boom lifts; and MST Construction Machinery, who produces telehandlers and dirt equipment. This partnership will increase the Hy-Brid Lifts product offering and provide working capital for accelerated growth in all areas.