The Technology Succession Organization has acquired Advance Co., Ltd., a used forklift company based in Osaka, to bolster its presence in the manufacturing support sector.
Target Company Information
The target of this acquisition is Advance Co., Ltd., a company based in Osaka, Japan. Advance specializes in the purchase, sale, rental, and maintenance of used forklifts. For the fiscal year ending March 2025, Advance reported sales of ¥953 million, an operating profit of ¥26 million, and net assets amounting to ¥720 million.
This acquisition forms part of the initiative by the Technology Succession Organization to consolidate small and medium-sized manufacturing firms and provide operational support through strategic acquisitions.
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Industry Overview
In Japan, the used forklift market has shown significant growth, driven by the rising demand for efficient material handling solutions in various sectors, including log
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Disclosed details
Revenue: $8M
EBIT: $0M