Press Information
Tokyo, January 8 2013 - Mitsubishi Heavy Industries, Ltd. (MHI) has completed the acquisition of Daily Equipment Company (DE), an American forklift truck sales and service dealer based in Jackson, Mississippi. The move is targeted at strengthening MHI's service operations in North America, a core market for the company's forklift trucks and other logistics equipment, by expanding its direct sales network with close ties to local customers. The acquisition of DE was carried out through MHI's local forklift production and sales subsidiary: Mitsubishi Caterpillar Forklift America Inc. (MCFA), which is based in Houston, Texas.
The acquisition expands MHI's direct sales network supporting the customer-oriented business model in the North American market. It will also create efficiencies with MCFA's other factory owned dealers in North America.
In its Medium-Term Business Plan (2012 Business Plan) launched this year, MHI is looking to fortify its earnings base in forklift truck operations by implementing two core policies: reorganizing its global production structure and strengthening its service operations. Production and business restructuring processes are already under way mainly in Japan and Europe, and now with the fortification of its service operations in the core North American market, the company will accelerate its initiative to further expand its global share within the forklift truck market, targeting sales of 250 billion yen in the fiscal year 2014 (ending March 31, 2015).
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.