# Toyota Material Handling Europe to acquire 66% stake in SIMAI

Toyota Material Handling Europe will acquire a major share (initially 66%) of Italian material handling manufacturer SIMAI, with a plan to reach 100% within a short period.

- Type: Acquisition
- Announced: 2016-11-26
- Where: Italy
- Status: announced
- Products: electric tow tractors, platform trucks
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Toyota Material Handling Europe](https://endata.com/companies/19778.md) (acquirer)
- [SIMAI](https://endata.com/companies/19779.md) (target)

## Sources

- [mequipment.ro](https://mequipment.ro/en/toyota-material-handling-va-achizitiona-compania-italiana-simai/), 2016-11-26: "Toyota Material Handling will initially acquire 66% of SIMAI´s share with a plan to go up to 100% within a short period."
- [logistik-heute.de](https://logistik-heute.de/news/uebernahme-toyota-geht-auf-shoppingtour-13311.html), 2016-12-01: "Toyota Material Handling Europe hat die Hauptanteile am italienischen Flurförderzeugehersteller Simai erworben."

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