# IHI Conveyance Machinery to acquire Sumitomo Heavy Industries' mechanical parking business

Sumitomo Heavy Industries Conveyance Systems will succeed its mechanical parking business to IHI Conveyance Machinery via an absorption-type company split effective November 1, 2026. The business had sales of 7,090 million yen in 2024.

- Type: Acquisition
- Announced: 2026-01-26
- Where: Japan
- Status: announced
- Products: mechanical parking systems
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Sumitomo Heavy Industries](https://endata.com/companies/1271.md)
- [IHI Conveyance Machinery](https://endata.com/companies/89887.md) (acquirer)

## Sources

- [japanir.jp](https://japanir.jp/en/company/company-6302/ir/6302-20260126-01_wp_corporate_restructuring/), 2026-01-26: "Sumitomo Heavy Industries Conveyance Systems’ mechanical parking business will be succeeded by IHI Conveyance Machinery on November 1, 2026"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.