# Mitsubishi Logisnext to acquire PMH in the US

Mitsubishi Logisnext, a forklift manufacturer and subsidiary of Mitsubishi Heavy Industries, announced the acquisition of PON Material Handling NA (PMH) in Texas, effective July 1, 2019. The acquisition value is estimated at around 20 billion yen.

- Type: Acquisition
- Announced: 2019-04-11
- Where: Texas, United States
- Value: $180.0M (20.0B JPY)
- Status: announced
- Products: forklifts, logistics equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Mitsubishi Logisnext](https://endata.com/companies/25993.md) (acquirer)
- [PON Material Handling NA](https://endata.com/companies/38666.md) (target)

## Sources

- [nikkei.com](https://www.nikkei.com/article/DGXMZO43630350R10C19A4916M00/), 2019-04-11: "PMH社は米国で最大規模の物流機器販売会社で、独自の販売網やメンテナンス力に定評がある。"

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