Core Insights - Hiab has appointed Custom Truck One Source as a new dealer to enhance its distribution and service network for loader cranes and MOFFETT truck mounted forklifts in the Western and Northeastern US [1][4]. Company Overview - Hiab is a leading provider of smart and sustainable on-road load handling solutions, with a global presence in over 100 countries and sales of approximately EUR 1.6 billion in 2024 [6]. - Custom Truck is a premier equipment solutions provider in North America, operating more than 40 locations and maintaining a rental fleet of over 10,400 units [2][6]. Strategic Partnership - The partnership will cover sales and services for HIAB loader cranes in 12 states, focusing on the Western US, including California, Oregon, and Washington [3]. - For MOFFETT truck mounted forklifts, the partnership will cover eight states, including New York and New Jersey [3]. - This agreement is seen as a major milestone for Hiab, aiming for full coverage of the US market and enhancing its presence in high-volume areas like New York [4]. Commitment to Service - Custom Truck's scale and commitment to service excellence will ensure that customers receive best-in-class product support for Hiab's innovative products [4][5]. - The partnership aligns with both companies' focus on providing reliable solutions and meeting the growing demand for high-performance loader cranes [5].

Core Insights - Hiab has signed a strategic dealer agreement with MGX Equipment Services to expand its distribution and service network for HIAB loader cranes across 13 states in the US [1][3] Group 1: Partnership Details - MGX Equipment Services operates in 13 locations across 11 states in the USA, providing sales, rental, parts, service, and training [2] - The partnership will enhance sales and services in states including Colorado, Delaware, Iowa, Maryland, Minnesota, Montana, Nebraska, New Jersey, North Dakota, South Dakota, Virginia, Wyoming, and Utah [2] Group 2: Strategic Importance - The partnership is a significant milestone for Hiab's strategy to grow in the North American market, enhancing coverage in previously underserved regions [3] - The collaboration aims to provide premium sales and service support for HIAB loader cranes, creating growth opportunities for Hiab, MGX, and their customers [3] Group 3: Growth and Value Creation - The agreement is expected to accelerate growth for MGX and Manitowoc in the U.S. by improving direct-to-customer reach, response times, service capability, and customer engagement [4] - Together, Hiab and MGX are strengthening their market position and creating new opportunities for scaling across a broader range of lifting solutions [4]