AUSA Acquisition Complete Now Part of JLG

McConnellsburg, PA (September 4, 2024) – JLG Industries, Inc., an Oshkosh Corporation business [NYSE:OSK] and a leading global manufacturer of mobile elevating work platforms (MEWPs) and telehandlers, announces that Oshkosh has completed the acquisition of AUSACORP S.L. (AUSA), adding the market-leading brand's compact all-terrain machines for the transportation and material handling to the company's Access segment. Following the acquisition of Hinowa in 2023, the AUSA acquisition further supports the Oshkosh accelerated growth strategy and strengthens the JLG® equipment portfolio.

Established in 1956, AUSA specializes in designing, manufacturing and selling wheeled dumpers, rough terrain forklifts and compact telehandlers for the residential, civil and road construction industry and the transportation and handling of industrial and agricultural materials. The acquisition included AUSA's 250,000-sq.-ft. manufacturing facility in Barcelona, Spain, approximately 350 team members and access to 200 equipment dealers worldwide.

"AUSA's culture of innovation and quality matches the same standards we hold," says Mahesh Narang, president, JLG, "and our shared core values around safety, productivity and sustainability position us well for the future. Together, we will work diligently, as both companies always have, to meet the needs of our customers."

JLG and AUSA have collaborated since 2020, bringing the SkyTrak® 3013 to market together. With the acquisition, AUSA products will enhance JLG's line of telehandlers and complement Hinowa's line of tracked dumpers and forklifts. Both acquisitions help accelerate JLG's growth into the specialty equipment, agriculture and landscaping markets while providing its construction and materials handling customers with an even broader array of products — all backed by JLG's robust training, support and service infrastructure.

"Our combined capabilities, market leadership positions and complementary product offerings provide a more comprehensive solution to address market needs, expand our operational footprint and unlock growth opportunities worldwide," finishes Narang. "The acquisitions of AUSA and Hinowa help JLG create an organization that can better serve customers globally."

For more information on JLG® products and services, visit JLG.com.

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About JLG® Industries, Inc.
JLG® Industries, Inc. is a world-leading designer, manufacturer, and marketer of access equipment. The Company's diverse product portfolio includes leading brands such as JLG® aerial work platforms; JLG and SkyTrak® telehandlers and rotary telehandlers; and an array of complementary accessories that increase the versatility and efficiency of these products. JLG is an Oshkosh Corporation company [NYSE: OSK]. For more information about JLG Industries, Inc., visit www.jlg.com, or find us on X, Facebook, LinkedIn, Instagram and YouTube.

About Oshkosh Corporation
At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs approximately 15,000 team members worldwide, all united behind a common cause: to make a difference in people's lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Hinowa, Pierce®, MAXIMETAL, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products and Pratt Miller. For more information, visit oshkoshcorp.com.

®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.

Forward Looking Statements
This news release contains statements that the Company believes to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company's future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "project" or "plan" or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions, and other factors, some of which are beyond the Company's control, and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the overall impact of the COVID-19 pandemic on the Company's business, results of operations and financial condition; the duration and severity of the COVID-19 pandemic; actions that may be taken by governmental authorities and others to address or otherwise mitigate the impact of the COVID-19 pandemic; the negative impacts of the COVID-19 pandemic on global economies and the Company's customers, suppliers and employees; and the cyclical nature of the Company's Access Equipment, Commercial and Fire & Emergency markets, which are particularly impacted by the strength of U.S. and European economies and construction seasons.