From Yahoo Finance: 2025-06-02 11:11:00

Toyota Motor is set to take forklift-maker Toyota Industries private in a $33 billion deal, aimed at strengthening the Toyoda family’s influence by unwinding cross-shareholdings. Going private will allow Toyota Industries to focus on long-term strategy amid government pressure for better governance in Japanese conglomerates.

The acquisition cost for the Toyota Group will be around 4.7 trillion yen ($33 billion), with a tender offer for Toyota Industries shares at 16,300 yen each. A new holding company will be established for the deal, with investments from Toyota Fudosan, Akio Toyoda, and Toyota Motor.

Toyota Motor and group companies Aisin, Denso, and Toyota Tsusho will sell their shares in Toyota Industries, while the latter will focus on the transport of goods. The deal, though expected, surprised with a lower tender offer price than anticipated, signaling strategic moves towards a mobility-focused future.

Toyota Industries, originally a division of Toyoda Automatic Loom Works founded in 1926, will undergo the transition to a private entity under the Toyota Group’s umbrella. The move is part of a broader industry shift towards autonomous logistics technology and streamlining cross-shareholdings within the group for future growth opportunities.

Read more: Toyota to take key supplier private in $33 billion deal