UniCarriers to merge by spring

News Story
- 2 Aug 2012 ( #576 ) - Tokyo, Japan
1 min read
The TCM and Nissan Forklift businesses will retain their brand names for now, but both began operating under a new structure on Wednesday, according to Nikkei Report.

Hitachi Construction Machinery Co Ltd and Nissan Motor Co Ltd agreed in November 2011 to merge their forklift businesses, which are operated by Hitachi subsidiary TCM Corp and Nissan unit Nissan Forklift Co Ltd (Forkliftaction.com News #563). In April 2012, the two parent companies and investment fund Innovation Network Corp of Japan established UniCarriers Corp.

According to the Nikkei Report, new products sold by UniCarriers Corp could have a new brand name.

UniCarriers Corp director of corporate strategy Hideyuki Moto tells Forkliftaction.com News that the company has not decided on its product brand structure. "It should be discussed by April 2013."

Meanwhile, the two subsidiaries' production, sales and administrative operations will be gradually integrated in fiscal 2012, with the aim of completing the merger by next April.

Majority shareholder INCJ is investing JPY30 billion (USD386.4 million) in UniCarriers.
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Previously about:
UniCarries finalises acquisition News Story - 20 Feb 2014 - Tokyo, Japan - 2 min read
Forklift venture pursues global growth News Story - 14 Jun 2012 - Tokyo, Japan - 1 min read
INCJ, Hitachi and Nissan sign agreement News Story - 3 May 2012 - Tokyo, Japan - 1 min read
Briefs News Story - 18 Oct 2012 - 2 min read
UniCarries finalises acquisition News Story - 20 Feb 2014 - Tokyo, Japan - 2 min read
Forklift venture pursues global growth News Story - 14 Jun 2012 - Tokyo, Japan - 1 min read
INCJ, Hitachi and Nissan sign agreement News Story - 3 May 2012 - Tokyo, Japan - 1 min read
KION and MHI eyeing UniCarriers? News Story - 2 Apr 2015 - Frankfurt, Germany - 2 min read
UniCarries finalises acquisition News Story - 20 Feb 2014 - Tokyo, Japan - 2 min read
UniCarriers merger ahead of schedule News Story - 4 Apr 2013 - Tokyo, Japan - 4 min read
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