Caterpillar Industrial announces the sale of its minority shareholder interest in the lift truck business to Mitsubishi Caterpillar Forklift America (MCFA). The transaction is associated with Mitsubishi Logisnext Americas group becoming 100% fully owned by Mitsubishi Logisnext, which is expected to close on March 1, 2021.
Despite selling its minority interest, Caterpillar continues a long-term global strategic relationship with Mitsubishi Logisnext, continuing its decades-long tradition of providing customers innovative and reliable forklift solutions.
“Caterpillar is proud of its long-standing relationship with Mitsubishi Logisnext, and we look forward to continuing our global strategic relationship,” said Phil Kelliher, Caterpillar vice president of the Americas Distribution, Service & Marketing Division. “We are pleased that customers will continue to successfully get the job done using Cat lift trucks and that they will retain the support of the experienced Cat lift truck dealer network.”
Caterpillar offers 55 years of proven lift truck experience, delivering reliable products that contribute to customers’ success. The full line of Cat lift trucks includes a wide range of electric, warehouse and internal combustion forklifts across five forklift classes.
The extensive Cat lift truck line spans lifting capacities from 1 360 to 16 330 kg (3,000 to 36,000 lb ).
About Mitsubishi Logisnext
Mitsubishi Logisnext Co., Ltd., one of Mitsubishi Heavy Industries groups, has helped Move The World Forward as the leading provider of innovative logistics and material handling solutions since 1937. Mitsubishi Logisnext is the world’s leading comprehensive manufacturer of electric and engine-powered forklifts, transportation robots, automated warehouses, LAN and other logistics equipment and systems, electric vehicles, and monorails. Headquartered in Kyoto, Japan, its complete portfolio of advanced solutions spans globally. Having extensive sales and service locations all over the world, Mitsubishi Logisnext continues to respond to each region’s customer needs meticulously.
Source: Caterpillar
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