# UMW Equipment sells 26% stake in UMW Toyota Material Handling to Toyota Industries

UMW Equipment Division Sdn. Bhd. entered into a share sale and purchase agreement with Toyota Industries Corporation to sell a 26% interest in UMW Toyota Material Handling Sdn. Bhd. for RM260 million, deepening their strategic collaboration in industrial equipment.

- Type: Acquisition
- Announced: 2023-10-06
- Where: Kuala Lumpur, Malaysia, Malaysia
- Value: $55.0M (260.0M MYR)
- Status: announced
- Products: industrial equipment, forklifts, logistics automation
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [UMW Equipment Division Sdn. Bhd.](https://endata.com/companies/73075.md)
- [Toyota Industries Corporation](https://endata.com/companies/7152.md) (acquirer)
- [UMW Toyota Material Handling Sdn. Bhd.](https://endata.com/companies/73076.md) (target)

## Sources

- [simeumw.com](https://simeumw.com/2023/10/06/umw-equipment-enters-into-a-partnership-agreement-with-toyota-industries-corporation-to-expand-its-industrial-equipment-business-2/), 2023-10-06: "UEDSB agreed to dispose of 26% interest in UTMH to TICO at an agreed purchase consideration of RM260 million."

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