# Mitsubishi Logisnext Europe acquires Red Diamond Distribution in UK

Mitsubishi Logisnext Europe B.V. acquired all shares of its UK importer Red Diamond Distribution Ltd. The acquisition aims to drive expansion of the Mitsubishi Forklift Trucks brand in the UK.

- Type: Acquisition
- Announced: 2022-04-26
- Where: United Kingdom, United Kingdom
- Status: completed
- Products: forklift trucks
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Red Diamond Distribution](https://endata.com/companies/33092.md) (target)
- [Mitsubishi Logisnext Europe](https://endata.com/companies/45241.md) (acquirer)

## Sources

- [logisticsmatters.co.uk](https://www.logisticsmatters.co.uk/article/red-diamond-distribution-acquired-by-mitsubishi/), 2022-04-26: "With this step, our company is demonstrating its commitment to growth in key markets such as the UK."
- [logisticsbusiness.com](https://logisticsbusiness.com/materials-handling/forklifts-warehouse-vehicles/mitsubishi-logisnext-acquires-red-diamond-2/), 2022-04-27: "Mitsubishi Logisnext Europe B.V. (MLE) has acquired all shares of Red Diamond Distribution Ltd (RDD) in an amicable takeover that will see both companies working closely together in order to drive the expansion of the Mitsubishi Forklift Trucks brand in the UK."
- [forkliftaction.com](https://www.forkliftaction.com/newsletter/archive/1074.htm), 2022-04-28: "Mitsubishi Logisnext Europe B.V. (MLE) has acquired all shares of Red Diamond Distribution Ltd (RDD) in an amicable takeover."

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