Itochu to Acquire 51% Stake in Taiwan's Yungtay-Hitachi Construction Machinery
Bitget2026/10/23 01:16- Itochu will acquire a 51% stake in Taiwanese dealer Yungtay-Hitachi Construction Machinery from Hitachi Yungtay Elevator.
- The dealer will become a consolidated subsidiary. Hitachi Construction Machinery will retain the remaining 49% stake.
- The acquisition marks the buyer’s first dealership investment since forming a capital alliance with Hitachi Construction Machinery in 2022.
- The deal expands the partnership into customer-facing sales and services, following the establishment of a North American machinery finance business in 2023.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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