Hyster is a subsidiary of NMHG, one of the world's largest forklift manufacturers.

Adapt-A-Lift has refused to comment on reports it has been appointed the new distributor of Hyster in Australia.

While many in the industry are anticipating an announcement soon, the Melbourne-based company says it has "no comment" on the speculation.

Adapt-A-Lift has registered a number of companies called Adapt-A-Lift Hyster in Western Australia, Victoria, New South Wales, South Australia and Queensland, but it will not concede that the registrations are proof that a deal has been sealed, saying that it has registered other business names as well.

Founded in 1979, AAL is a privately owned forklift company comprising a national forklift fleet of over 5,600 units with company-owned offices in Victoria, Queensland, New South Wales, South Australia and Western Australia.

Hyster is a subsidiary of NMHG, one of the world's largest forklift manufacturers with brands including Yale and Sumitomo. In addition to a worldwide distribution network of independent Hyster and Yale retail dealerships, NMHG operates wholly owned dealerships in certain markets including Hyster South East in Victoria, Hyster North in Queensland, Hyster South in South Australia and Hyster West in Western Australia.