Toyota Material Handling invests in charging technology firm ACT

Toyota Material Handling North America (TMHNA), parent company of The Raymond Corporation and Toyota Material Handling brands, has announced a strategic investment in Advanced Charging Technologies (ACT), a long-time provider of battery charging solutions for the material handling sector.

ACT will continue to serve TMHNA’s distribution network and expand its role as a preferred provider of next-generation energy solutions.

“This partnership with TMHNA is an important step in our future,” said Bob Istwan, CEO of ACT. “Partnering with the global leader in electric material handling equipment opens a significant channel for growth and allows us to combine our world-class product offerings to bring solutions to market faster.”

As part of the deal, TMHNA will gain representation on ACT’s board of directors. Brett Wood, president and CEO of TMHNA, will join the board to help guide strategic direction and growth.

“ACT has been a trusted partner for many years, providing proven, reliable technologies that support our vision of advancing sustainable, electric-powered solutions in the material handling industry,” Wood said. “Through this investment, we are strengthening that relationship while opening new opportunities to serve our customers with innovative, integrated energy solutions.”

TMHNA said the investment supports its long-term strategy to lead in electrification, sustainability and innovation within the material handling industry.