# CLS acquires Degrocar, becoming Italian distributor of Mitsubishi forklifts

CLS, a TESYA Group company, signed a binding agreement in December 2023 to acquire Degrocar, the sole Italian distributor of Mitsubishi forklift trucks. The deal adds Mitsubishi electric, diesel, and warehouse forklifts to CLS's portfolio.

- Type: Acquisition
- Announced: 2024-01-18
- Where: Italy
- Status: announced
- Products: electric forklifts, diesel forklifts, warehouse forklifts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Mitsubishi Corporation](https://endata.com/companies/575.md) (supplier)
- [CLS](https://endata.com/companies/73708.md) (acquirer)
- [TESYA Group](https://endata.com/companies/73709.md) (partner)
- [Degrocar](https://endata.com/companies/73710.md) (target)

## Sources

- [tesya.com](https://tesya.com/en/2024/01/18/cls-takes-over-the-distribution-of-mitsubishi-forklift-trucks-in-italy-the-tesya-group-company-has-finalised-an-agreement-with-degrocar-to-acquire-its-business/), 2024-01-18: "CLS, a TESYA Group Company and leading supplier of advanced solutions for material handling and logistics in Italy, signed a binding agreement to acquire all the shares of the company from which Degrocar..."

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