# KKR completes acquisition of 51% stake in Hitachi Transport

KKR & Co. completed a tender offer to acquire approximately 51.11% of the ordinary shares of Hitachi Transport, Ltd. The acquisition was made through a special purpose vehicle, HTSK Co. Ltd. Settlement begins December 6, 2022, and KKR plans to acquire the remaining shares via a squeeze-out, with the company to be renamed LOGISTEED, Ltd. on April 1, 2023.

- Type: Acquisition
- Announced: 2022-11-30
- Where: Japan
- Status: completed
- Products: logistics services
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [KKR & Co](https://endata.com/companies/7617.md) (acquirer)
- [Hitachi Transport](https://endata.com/companies/66943.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/839591.html), 2022-11-30: "KKR & Co.表示，已完成对日本日立物流有限公司(HTS)普通股的收购要约。"

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