# Folangsi and Mitsubishi Logisnext sign strategic cooperation and equity acquisition of Nichiyu Forklift (Shanghai)

Guangzhou Folangsi Co., Ltd. and Mitsubishi Logisnext Corporation signed a strategic cooperation agreement and equity acquisition of Nichiyu Forklift (Shanghai) Co., Ltd. on August 28, 2024. The deal aims to strengthen Folangsi's network and supply chain in the on-site logistics equipment industry.

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

## Companies

- [Mitsubishi Logisnext](https://endata.com/companies/25993.md) (partner)
- [Nichiyu Forklift (Shanghai) Co., Ltd.](https://endata.com/companies/78688.md) (target)
- [Guangzhou Folangsi Co., Ltd.](https://endata.com/companies/79516.md) (acquirer)

## Sources

- [folangsiforklift.com](https://www.folangsiforklift.com/index.php/company_news/show/23093.html), 2024-08-30: "This signing ceremony is not only a positive response to the current trend of new energy revolution, intelligence and digitalization in the Chinese forklift market, but also a strategic choice for the strong combination and complementary advantages of Folangsi and Mitsubishi Logisnext."

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