Hinowa Acquisition Complete, Now Part of JLG

McConnellsburg, PA (January 31, 2023) – JLG Industries, Inc., an Oshkosh Corporation company [NYSE: OSK] and a leading global manufacturer of mobile elevating work platforms (MEWPs) and telehandlers, has completed its acquisition of Hinowa® S.p.A., adding the market-leading brand to the company's Access segment. This expansion of the JLG® product portfolio enables the company to strengthen its specialty applications offerings and increase its presence in niche industries, including agricultural, landscape and vegetation management.

Founded in 1987 in Nogara, Italy, Hinowa became well-known in the industry for its innovative track designs and as an early adopter and leader in the advancement of lithium-ion battery technology in mobile elevating work platforms (MEWPs). Hinowa's 200+ team members and two facilities, a 250,000 sq. ft. manufacturing facility and a 50,000 sq. ft. parts facility, are now part of the Oshkosh Corporation Access segment, and the Hinowa brand will be retained on its well-respected line of track-based aerial work platforms, mini dumpers, lift trucks and undercarriages products. JLG-branded compact crawler booms, which Hinowa has produced since 2010 and includes electric-, hybrid- and diesel-powered models, will continue to be offered.

"The acquisition was about growing the company and growing our capabilities," says Frank Nerenhausen, Oshkosh executive vice president and JLG president. "JLG and Hinowa are both strong brands. Joining forces allows us to unlock more potential globally. This is a very positive time for the business, and we are excited to welcome the Hinowa team to the JLG family."

Hinowa's products, including a JLG-branded compact crawler boom lift, will be on display in booth #W44066 at CONEXPO-CON/AGG 2023 in Las Vegas, NV, March 14-18.

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
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