# Mitsubishi Heavy Industries completes acquisition of Unicarriers Holdings for ¥110 billion

Mitsubishi Heavy Industries acquired 65% of Unicarriers Holdings, with Nichiyu Mitsubishi Forklift acquiring 35%, for a total of approximately ¥110 billion. The acquisition was completed in March 2016 after a three-month delay.

- Type: Acquisition
- Announced: 2016-03-01
- Where: Japan
- Value: $970.0M (110.0B JPY)
- Status: completed
- Products: forklifts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Mitsubishi Heavy Industries](https://endata.com/companies/493.md) (acquirer)
- [UniCarriers](https://endata.com/companies/740.md) (target)
- [Nichiyu Mitsubishi Forklift](https://endata.com/companies/23760.md) (acquirer)

## Sources

- [newswitch.jp](https://newswitch.jp/p/8790), 2017-04-24: "万難を排し、世界最強の事業体をつくる。単なる足し算ではない"

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