EQT to acquire an 85% stake in Fujitec in a $2.7bn deal.

EQT, an investment firm, agreed to acquire an 85% stake in Fujitec, a Japanese manufacturer of elevators and escalators, in a $2.7bn deal. Takanobu Hara, Partner in the EQT Private Capital Asia advisory team, said: “Japan is home to some of the world’s most sophisticated manufacturing capabilities, and we see tremendous long-term potential in the market. With four transactions in the past two months – ranging from new partnerships to strategic exits – EQT’s recent momentum reflects both our growing presence and deep conviction in Japan. We are proud to partner with Fujitec and its team to build on its legacy of innovation and quality. Together, we aim to help future-proof the business by enhancing competitiveness, driving digital transformation, and accelerating global expansion – leveraging EQT’s sector expertise, strong track record of supporting industrial technology companies, and long history of working alongside management teams to drive sustainable growth,” Takanobu Hara, EQT Private Capital Asia Partner.