# Toyota Industries to acquire AB Equipment's materials handling segment from ELF Group

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.

- Type: Acquisition
- Announced: 2026-07-23
- Where: New Zealand, New Zealand
- Jobs: 130
- Status: announced
- Products: forklifts, materials handling equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Toyota Industries Corporation](https://endata.com/companies/7152.md) (acquirer)
- [AB Equipment](https://endata.com/companies/93136.md) (target)
- [ELF Group](https://endata.com/companies/93137.md) (target)
- [Anchorage Capital Partners](https://endata.com/companies/93138.md) (investor)

## Sources

- [afr.com](https://www.afr.com/street-talk/anchorage-sells-elf-s-forklift-unit-to-toyota-readies-500m-new-fund-20260722-p60hg9), 2026-07-22: "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."
- [chinaforklift.com](https://www.chinaforklift.com/news/detail/202608/93881.html), 2026-08-11: "新公司预计于2026年9月1日正式开始运营。"

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