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Toyota Industries Corporation has agreed to acquire the materials handling segment of AB Equipment, part of ELF Group, from Anchorage Capital Partners. AB Equipment is a major heavy equipment supplier in New Zealand.
“A Toyota Group subsidiary which makes forklifts, car products and textile machinery has inked a deal to acquire one of New Zealand’s largest suppliers of heavy equipment in the region.”afr.com
Summarized from public sources; check the original articles before acting on it.