Benzinga | Jun 9, 2021 04:37PM EDT

Manitowoc Identifies Cybersecurity Incident On Its Network Resulting In An Outage; Says 'This matter has caused and may continue to cause a delay or disruption to the Company's business.'

The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc"), a leading global manufacturer of cranes and lifting solutions, today announced that the Company experienced a cybersecurity incident, resulting in a systems outage. Upon identifying the issue, the Company promptly engaged an industry-leading third-party information technology firm and forensics specialist and legal counsel to assist in the investigation. Federal law enforcement has been notified, and the Company is diligently working to restore its systems. This matter has caused and may continue to cause a delay or disruption to the Company's business.

The Company considers the security and integrity of its network among its highest priorities and is taking all appropriate actions to minimize its risk.

On Thursday June 3, 2021, the Company announced its participation at the Stifel Virtual Cross Sector Insight Conference on Thursday, June 10, 2021. As a result of this incident, the Company will no longer participate.