MANITOWOC , WIS .—Manitowoc Co. Inc., the equipment supplier based here, has agreed to buy London-based equipment manufacturer Enodis Plc. for $2.1 billion. The transaction includes the assumption of Enodis’ net debt, which was valued at about $207 million as of Sept. 29, 2007.
The deal is expected to be finalized during the fourth quarter of 2008. It is subject to approval by the court in the United Kingdom, Enodis shareholders, and U.S. and European r