Manitou Group
LeaveRussia detail: Suspension
Manitou is a French heavy equipment manufacturer that makes forklifts, cherry pickers, telehandlers, and other heavy equipment. Manitou started in France in 1957 when Marcel Braud designed the first forklift truck for use in rough terrain. Its headquarters are in Ancenis.
Business in Russia
The group has a subsidiary in Russia. Since March 2022, the sales of this subsidiary have been limitated to the distribution of spare parts. At the date of publication of this report, the group has no customer risks to its activities in these countries and the financial situation of the subsidiary should satisfy its liquidity needs for the whole of 2023.
Decision trail
Decision date 02/03/2023 · Reference ↗
Manitou Group suspended its shipments of machines to Russia and Belarus from the first days of the conflict (even though the EU sanctions at the time did not prohibit Manitou machines from being exported to Russia).
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — suspended · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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