PON Material Handling NA

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 Heavy Industries, Ltd. acquired Wijnand Nicolaas Pon, which includes Pon Material Handling NA, Inc. The transaction was granted by the FTC on May 3, 2019.

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.

Mitsubishi Logisnext, a forklift manufacturer and subsidiary of Mitsubishi Heavy Industries, announced the acquisition of PON Material Handling NA (PMH) in Texas, effective July 1, 2019. The acquisition value is estimated at around 20 billion yen.