# CLS (TESYA Group) to acquire Degrocar's forklift distribution business

CLS, part of the TESYA Group, has signed a binding agreement to acquire 100% of the shares of the company to which Degrocar will contribute its main assets, including the distribution of Mitsubishi forklifts in Italy. The closing is expected by December 31, 2023.

- Type: Acquisition
- Announced: 2023-11-10
- Where: Italy
- Status: announced
- Products: forklifts, electric forklifts, diesel forklifts, warehouse forklifts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [CLS](https://endata.com/companies/73708.md) (acquirer)
- [TESYA Group](https://endata.com/companies/73709.md) (investor)
- [Degrocar](https://endata.com/companies/73710.md) (target)

## Sources

- [tecnelab.it](https://www.tecnelab.it/news/attualita/accordo-cls-gruppo-tesya-e-degrocar-per-i-carrelli-elevatori-mitsubishi), 2023-11-10: "Questa operazione ci garantirà una presenza ancora più ampia e con maggiori prospettive di crescita nel mercato dei carrelli elevatori."

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