Mitsubishi buying all of UniCarriers Corporation

by Inside Logistics Online Staff

MARENGO, Illinois—Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Nichiyu Forklift Co., Ltd. have jointly taken the decision to acquire 100 percent ownership of UniCarriers Corporation. They will purchase all shares currently held by Innovation Network Corporation of Japan (INCJ), Hitachi Construction Machinery Co., Ltd., and Nissan Motor Co., Ltd.

The transaction, if approved by the relevant authorities, will result in MHI and Mitsubishi Nichiyu Forklift holding respective stakes in UniCarriers of 65 percent and 35 percent.

Acquisition of UniCarriers is in line with MHI’s new three-year “2015 Business Plan”.

Mitsubishi Nichiyu Forklift, in its “Best Integration 2017” medium-term business plan that got under way in fiscal 2014, is looking to further strengthen its position in its industry as a leading company on global scale. The decision to acquire UniCarriers constitutes a central part of the company’s business strategies for achieving that goal.

Through acquisition of UniCarriers, MHI and Mitsubishi Nichiyu Forklift will achieve a full lineup of product offerings. The move will also enhance the companies’ R&D capabilities and boost product competitiveness.

In addition, by aggregating the cutting-edge innovative technologies of the MHI group companies, the acquisition of UniCarriers is targeted at creating products of high added value and a business model transcending the conventional parameters of the logistics machinery and equipment industry.

Going forward, a preparatory committee will be launched under which MHI and Mitsubishi Nichiyu Forklift will work together with UniCarriers to draw up business policies and strategies. Details will be disclosed as soon as they become available.

UniCarriers Americas Corporation (UCA), a wholly owned subsidiary of UniCarriers Corporation, designs, manufactures and supports a complete line of material handling equipment. UCA has seven factory-owned locations across Wisconsin and New England – Capital Equipment and Handling and New England Industrial Truck. UCA sells and supports Nissan Forklift, TCM, Atlet, Barrett and UniCarriers brands. Headquartered in Marengo, Illinois, UniCarriers Americas has a network of more than 150 authorized dealerships with nearly 300 locations across North, Central and South America.