# ITOCHU to acquire 51% stake in Yungtay-Hitachi Construction Machinery

ITOCHU Corporation announced it will acquire a 51% stake in Yungtay-Hitachi Construction Machinery Co., Ltd., a Taiwanese construction equipment dealer, from Hitachi Yungtay Elevator Co., Ltd., making it a consolidated subsidiary. Hitachi Construction Machinery will retain the remaining 49%.

- Type: Acquisition
- Announced: 2026-10-23
- Where: Taoyuan, TWN
- Status: announced
- Products: construction equipment sales and service
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [ITOCHU](https://endata.com/companies/1234.md) (acquirer)
- [Hitachi Construction Machinery](https://endata.com/companies/15738.md) (partner)
- [Yungtay-Hitachi Construction Machinery](https://endata.com/companies/94703.md) (target)
- [Hitachi Yungtay Elevator](https://endata.com/companies/94704.md) (partner)

## Sources

- [itochu.co.jp](https://www.itochu.co.jp/en/news/press/2026/261023.html), 2026-10-23: "ITOCHU announced today that it will acquire a 51% stake in Yungtay-Hitachi Construction Machinery Co., Ltd."

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