# Forklift franchisee Fosun acquires Nichiyu Forklift Shanghai from Mitsubishi Logisnext

Guangzhou Fosun Co., Ltd. and Mitsubishi Logisnext Co., Ltd. signed a strategic cooperation and equity acquisition agreement for Nichiyu Forklift (Shanghai) Co., Ltd. on August 28, 2024. Fosun will acquire the Shanghai-based forklift distributor from Mitsubishi Logisnext.

- Type: Acquisition
- Announced: 2024-08-28
- Where: Shanghai, China, China
- Status: announced
- Products: forklifts, material handling equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Mitsubishi Logisnext](https://endata.com/companies/25993.md) (target)
- [Nichiyu Forklift (Shanghai) Co., Ltd.](https://endata.com/companies/78688.md) (target)
- [Guangzhou Fosun](https://endata.com/companies/79479.md) (acquirer)

## Sources

- [chinaforklift.com](https://www.chinaforklift.com/news/detail/202408/87604.html), 2024-08-29: "广州佛朗斯股份有限公司与三菱物捷仕株式会社在广州隆重举行战略合作暨股权并购力至优叉车（上海）有限公司签约仪式"

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