For Release Worldwide: February 2021
Release Number: 125PR21
Caterpillar Industrial Inc., a subsidiary of Caterpillar Inc., announces the sale of its minority shareholder interest in the lift truck business to Mitsubishi Caterpillar Forklift America Inc. (MCFA). The transaction is associated with Mitsubishi Logisnext Americas group becoming 100% fully owned by Mitsubishi Logisnext, which is expected to close on March 1, 2021.
Despite selling its minority interest, Caterpillar continues a long-term global strategic relationship with Mitsubishi Logisnext, continuing its decades-long tradition of providing customers innovative and reliable forklift solutions. The experienced Cat® lift truck dealer network, spanning more than 600 locations around the world, continues to provide the exceptional support demanded by customers.
“Caterpillar is proud of its long-standing relationship with Mitsubishi Logisnext, and we look forward to continuing our global strategic relationship,” said Phil Kelliher, Caterpillar vice president of the Americas Distribution, Service & Marketing Division. “We are pleased that customers will continue to successfully get the job done using Cat lift trucks and that they will retain the support of the experienced Cat lift truck dealer network.”
Caterpillar offers 55 years of proven lift truck experience, delivering reliable products that contribute to customers’ success. The full line of Cat lift trucks includes a wide range of electric, warehouse and internal combustion forklifts across five forklift classes.
The extensive Cat lift truck line spans lifting capacities from 3,000 to 36,000 lb (1 360 to 16 330 kg).
With 2020 sales and revenues of $41.7 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Since 1925, we’ve been driving sustainable progress and helping customers build a better world through innovative products and services. Throughout the product life cycle, we offer services built on cutting-edge technology and decades of product expertise. These products and services, backed by our global dealer network, provide exceptional value to help our customers succeed. We do business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries, and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/social-media.
About Mitsubishi Logisnext
Mitsubishi Logisnext Co., Ltd., one of Mitsubishi Heavy Industries groups, has helped Move The World Forward as the leading provider of innovative logistics and material handling solutions since 1937. Mitsubishi Logisnext is the world’s leading comprehensive manufacturer of electric and engine-powered forklifts, transportation robots, automated warehouses, LAN and other logistics equipment and systems, electric vehicles, and monorails. Headquartered in Kyoto, Japan, its complete portfolio of advanced solutions spans globally. Having extensive sales and service locations all over the world, Mitsubishi Logisnext continues to respond to each region’s customer needs meticulously. For more information, visit https://www.logisnext.com/en/.
# # #
CAT, CATERPILLAR, LET’S DO THE WORK, their respective logos, “Caterpillar Corporate Yellow,” the “Power Edge” and Cat “Modern Hex” trade dress, as well as corporate and product identity used herein, are trademarks of Caterpillar and may not be used without permission.
©2021 Caterpillar All Rights Reserved