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A subsidiary of Mitsubishi Heavy Industries completed the acquisition of all shares of Pon Material Handling NA, Inc. and renamed it Equipment Depot, Inc.
Mitsubishi Logisnext Americas Inc. will acquire all outstanding equity of Pon Material Handling NA, Inc., which operates as Equipment Depot, a U.S. material handling equipment dealer. The share transfer is anticipated by July 1, 2019.
SANY Heavy Port Machinery has appointed Equipment Depot as its primary distribution partner for the Americas market. The multi-year agreement was signed on December 8, 2017, at the Third Annual Dealer Summit in Changsha, China.