The Cat brand will continue to be used globally by the Mitsubishi Logisnext group

Japan-based Mitsubishi Logisnext will take 100% ownership of Mitsubishi Logisnext Americas on 1 March 2021.

The ownership change will occur when Mitsubishi Logisnext Americas group subsidiary, Mitsubishi Caterpillar Forklift America Inc. (MCFA), acquires the MCFA shares held by its minority stockholder, Caterpillar Industrial Inc., a subsidiary of Caterpillar Inc.

"We're excited to take this next step as Mitsubishi Logisnext Americas," says Ken Barina, president of Mitsubishi Logisnext Americas. "Today's milestone further demonstrates our long-term commitment to serving the Americas market, and we look forward to the next chapter ahead."

Caterpillar Inc. and the Mitsubishi Logisnext Americas group will continue their long-term strategic relationship, working together to deliver new products and solutions for their customers. The Cat lift trucks brand will continue to be used globally by the Mitsubishi Logisnext group.

"Caterpillar is proud of its long-standing relationship with Mitsubishi Logisnext," says Phil Kelliher, Caterpillar vice president of the Americas distribution, service and marketing division. "We look forward to continuing our global strategic relationship, and we are pleased our customers will continue to be successful with Cat lift truck products."

Additionally, Jungheinrich AG and the Mitsubishi Logisnext Americas group will continue operating under the existing long-term manufacturing and distribution agreement for the North American market.

The group will continue to offer a full range of materials handling, automation and extensive fleet solutions to customers across its five leading brands - Cat lift trucks, Mitsubishi forklift trucks, Rocla, UniCarriers forklifts and Jungheinrich.