MHI Board approves acquisition of shares of UniCarriers Holdings Corporation

Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Nichiyu Forklift Co., Ltd. today passed resolutions at their respective Board of Directors meetings approving their acquisition of all shares of UniCarriers Holdings Corporation (UniCarriers) currently held by Innovation Network Corporation of Japan (INCJ), Hitachi Construction Machinery Co., Ltd. and Nissan Motor Co., Ltd., and the related share transfer agreement was concluded, the MHI press release said.

Under the new arrangement, MHI and Mitsubishi Nichiyu Forklift will hold respective stakes in UniCarriers of 65% and 35%.