Itochu to Acquire 51% Stake in Taiwan's Yungtay-Hitachi Construction Machinery

By Public Technologies
  • Itochu will acquire a 51% stake in Taiwanese dealer Yungtay-Hitachi Construction Machinery from Hitachi Yungtay Elevator.
  • The dealer will become a consolidated subsidiary. Hitachi Construction Machinery will retain the remaining 49% stake.
  • The acquisition marks the buyer’s first dealership investment since forming a capital alliance with Hitachi Construction Machinery in 2022.
  • The deal expands the partnership into customer-facing sales and services, following the establishment of a North American machinery finance business in 2023.


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