Hitachi Transport System to acquire 70% stake in Palenet from Hitachi Automotive Systems

Hitachi Transport System and Hitachi Automotive Systems announced a stock transfer agreement for Hitachi Transport System to acquire 70% of the outstanding shares of Palenet, a pallet rental and cargo handling equipment company. The deal aims to strengthen Hitachi Transport System's logistics platform.

“The Hitachi Transport System Group will acquire shares as part of its efforts to seize new growth opportunities, which is a key initiative in its medium-term management plan.”en.lnews.jp

• 1 source
• en.lnews.jpHitachi Transport System acquires shares in a company that develops and sells cargo handling equipment (pallets) - Logistics News (LNEWS)LNEWS編集部 山内Jun 27, 2019

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