ITOCHU Corporation announced that it had acquired a 51% stake in 台湾永日建設機械 from Hitachi, Ltd.'s Taiwan subsidiary. The seller was Hitachi, Ltd.'s Taiwan subsidiary, and the acquired stake was 51%.
ITOCHU Corporation completed a transaction to acquire half of the shares in 台湾永日建設機械 from Hitachi, Ltd.'s Taiwan subsidiary. The specific stake acquired was 51%, and the change in the ownership structure was reported in a breaking-news update.
The seller in the transaction was Hitachi, Ltd.'s Taiwan subsidiary, while the acquiring company was ITOCHU Corporation. The transaction is expected to affect the local development of the construction machinery business and the restructuring of business relationships in the Taiwan market.