Anhui Defu Investment Co., Ltd. agreed to acquire the remaining 70% stake in Anhui Hecha Forklift Co., Ltd from Mitsubishi Logisnext Co., Ltd..
February 19, 2019
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Anhui Defu Investment Co., Ltd. agreed to acquire the remaining 70% stake in Anhui Hecha Forklift Co., Ltd from Mitsubishi Logisnext Co., Ltd. (TSE:7105) on February 20, 2019. An agreement is expected to be signed in March 2019. Upon completion, stake of Anhui Defu Investment will increase to 100%. Deal is subject to approval by Chinese authorities. Board of Directors of Mitsubishi Logisnext Co., Ltd. resolved in favor of the deal. Deal is expected to complete in April 2019.
Mitsubishi Logisnext Co., Ltd. is a Japan-based company mainly engaged in the manufacture, sale and maintenance services of forklift trucks and other logistics equipment and maintenance parts. The Company primarily operates through two business segments. The Domestic segment is engaged in the domestically manufacture and sale of logistics equipment and maintenance parts, mainly forklift trucks, as well as the sale of related products and maintenance parts. The Overseas segment is mainly operated in the Americas, Europe, China and Asia. The Company is mainly engaged in the development, design, manufacture and sale of logistics system products such as battery forklifts, engine forklifts, container carriers, transfer cranes, transport robots, automated warehouses, and warehouse management systems (WMS). The Company is also engaged in the business of non-life insurance agency.
MITSUBISHI LOGISNEXT CO., LTD. 
