# Mitsubishi Heavy Industries subsidiary completes acquisition of Pon Material Handling NA

A subsidiary of Mitsubishi Heavy Industries completed the acquisition of all shares of Pon Material Handling NA, Inc. and renamed it Equipment Depot, Inc.

- Type: Acquisition
- Announced: 2019-07-01
- Where: United States
- Status: completed
- Products: material handling equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Mitsubishi Heavy Industries](https://endata.com/companies/493.md) (acquirer)
- [Primetals Technologies](https://endata.com/companies/16384.md) (acquirer)
- [Equipment Depot](https://endata.com/companies/29579.md) (target)
- [PON Material Handling NA](https://endata.com/companies/38666.md) (target)
- [ABP Induction Systems](https://endata.com/companies/40667.md) (target)
- [CM Acquisitions](https://endata.com/companies/40668.md) (partner)

## Sources

- [mhi.com](https://www.mhi.com/jp/news/grp190702.html), 2019-07-02: "当社子会社による Pon Material Handling NA, Inc.の全株式を取得し孫会社とすることに関し、2019 年 7 月 1 日に全ての手続きを完了し、またこれに伴い、同日付で、Pon Material Handling NA, Inc.を Equipment Depot, Inc.へ商号変更いたしましたので、お知らせいたします。"
- [mhi.com](https://www.mhi.com/news/190717.html), 2019-07-17: "Mitsubishi Heavy Industries (MHI) and Primetals Technologies will acquire ABP Induction Systems (ABP), a global manufacturer and servicer of induction furnaces and heating systems from CM Acquisitions, a Chicago based private equity firm."
- [nasdaq.com](https://www.nasdaq.com/press-release/mhi-and-primetals-technologies-to-acquire-abp-induction-systems-2019-09-10), 2019-09-10: "With ABP becoming one of MHI's group companies and the further close ties that will bring, we can develop and provide customers with even more advanced technologies."

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