Itochu to Acquire 51% Stake in Taiwan's Yungtay-Hitachi Construction Machinery

Bitget2026/10/23 01:16

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Itochu will acquire a 51% stake in Taiwanese dealer Yungtay-Hitachi Construction Machinery from Hitachi Yungtay Elevator.
The dealer will become a consolidated subsidiary. Hitachi Construction Machinery will retain the remaining 49% stake.
The acquisition marks the buyer’s first dealership investment since forming a capital alliance with Hitachi Construction Machinery in 2022.
The deal expands the partnership into customer-facing sales and services, following the establishment of a North American machinery finance business in 2023.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Itochu Corporation published the original content used to generate this news brief on October 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Itochu to Acquire 51% Stake in Taiwan's Yungtay-Hitachi Construction Machinery

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