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Mitsubishi Heavy Industries merged two of its forklift and logistics equipment subsidiaries, Nichiyu Mitsubishi Forklift and Unicarrier, to form a new company called Mitsubishi Logisnext on October 1, 2017. The new entity becomes the world's third-largest forklift manufacturer by market share.
Mitsubishi Logisnext Co., Ltd., formed by merging Mitsubishi Nichiyu Forklift Co., Ltd. and its subsidiary UniCarriers Corporation, began operations on October 1, 2017. The new company aims to become a world-class material handling machinery manufacturer.
Nichiyu Mitsubishi Forklift announced it will merge with its consolidated subsidiary UniCarriers and change the company name to Mitsubishi Logisnext, effective October 1, 2017.