# Hitachi Construction Machinery buys 33.3% stake in Acme Lift Company

Hitachi Construction Machinery purchased a 33.3% equity interest in Acme Lift Company to enter the North American equipment rental market. The joint venture will add Hitachi earthmoving equipment to Acme's fleet.

- Type: Acquisition
- Announced: 2018-09-12
- Where: United States
- Status: completed
- Products: earthmoving equipment, aerial work platforms, compressors
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Hitachi Construction Machinery](https://endata.com/companies/15738.md) (acquirer)
- [Acme Lift Company](https://endata.com/companies/34290.md) (target)

## Sources

- [equipmentjournal.com](https://www.equipmentjournal.com/construction-news/hitachi-equipment-rental-market/), 2018-09-12: "ACME brings to the venture unique expertise in re-rental of various equipment product classes"

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