# Forklift distributor Folangsi to acquire Nichiyu Forklift (Shanghai) for CNY 33.9M

Folangsi Co., Ltd. announced that its subsidiary Folangsi (Hong Kong) will acquire 100% of Nichiyu Forklift (Shanghai) Co., Ltd. from Mitsubishi Logisnext Co., Ltd. for CNY 33.923 million. The target company sells, services and rents Nichiyu brand forklifts in China.

- Type: Acquisition
- Announced: 2024-07-18
- Where: China
- Value: $4.70M (33.9M CNY)
- Status: announced
- Products: forklifts, material handling equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Folangsi Co., Ltd.](https://endata.com/companies/78687.md)
- [Mitsubishi Logisnext](https://endata.com/companies/25993.md) (partner)
- [Nichiyu Forklift (Shanghai) Co., Ltd.](https://endata.com/companies/78688.md) (target)

## Sources

- [zhitongcaijing.com](https://www.zhitongcaijing.com/content/detail/1152670.html), 2024-07-18: "通过收购事项，集团的资产规模亦将得到快速扩张。"

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