# Daifuku acquires Vega Conveyors & Automation

Daifuku Co Ltd, a Japanese material-handling equipment company, has completed the acquisition of Hyderabad-based Vega Conveyors & Automation Pvt Ltd to expand in the Indian market.

- Type: Acquisition
- Announced: 2019-04-04
- Where: Hyderabad, India
- Status: completed
- Products: conveyors, material handling equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Daifuku](https://endata.com/companies/16943.md) (acquirer)
- [Vega Conveyors & Automation](https://endata.com/companies/38515.md) (target)

## Sources

- [indbiz.gov.in](https://indbiz.gov.in/japans-daifuku-acquires-vega-conveyors/), 2019-04-04: "Daifuku Co Ltd, a Japanese material-handling equipment company, said on April 4 that it has completed the acquisition of Hyderabad-based Vega Conveyors & Automation Pvt Ltd."
- [business-standard.com](https://www.business-standard.com/article/companies/japan-s-daifuku-buys-100-stake-in-vega-automation-for-undisclosed-sum-119041500895_1.html), 2019-04-15: "Consolidating our expertise and capabilities with Vega will allow for the expansion of our manufacturing and distribution business segments within Asia."
- [iot.electronicsforu.com](https://iot.electronicsforu.com/content/biz-trends/japanese-firm-daifuku-acquires-hyderabad-based-vega-automation/), 2019-04-16: "Consolidating our expertise and capabilities with Vega will allow for the expansion of our manufacturing and distribution business segments within Asia."

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