Announced
Completed
Synopsis
Kyokuto Kaihatsu Kogyo, a construction equipment manufacturer, completed the acquisition of Satrac Engineering, a manufacturer of special-purpose vehicles such as truck tipper bodies, trailers, and tank trucks, for $30m. “The Indian special-purpose vehicle market has been temporarily stagnant due to last year’s increased axle norms and tightening of financing by financial institutions and the impact of the Covid19 disaster. However, in the medium to long term, demand for construction and logistics vehicles is expected to expand due to the promotion of large-scale infrastructure projects and growth in logistics and steel and cement industry,” Tatsuya Nunohara, Kyokuto President.
Show Details & Financials
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.