Acquisition History / Seino Holdings Co., Ltd. / Mitsubishi Electric Logistics Corporation
Seino Holdings Co., Ltd. Acquires Mitsubishi Electric Logistics Corporation
Announced June 18, 2024 — $383.7M
What happened
Seino Holdings agreed to buy 66.6% of Mitsubishi Electric Logistics, the logistics arm of Mitsubishi Electric, which had sales of JPY 135bn and operating profit of JPY 3.98bn. Mitsubishi Electric retains 33.4%. Seino said scale was needed to cope with Japan's '2024 problem' driver shortage.
- Acquirer
- Seino Holdings Co., Ltd.
- Target
- Mitsubishi Electric Logistics Corporation
- Announced
- June 18, 2024
- Price
- $383.7M
- Industry
- Logistics and freight transport
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Seino Holdings Co., Ltd. acquire Mitsubishi Electric Logistics Corporation?
Seino Holdings Co., Ltd. acquired Mitsubishi Electric Logistics Corporation on June 18, 2024. This was Seino Holdings Co., Ltd.'s 1st publicly tracked acquisition out of 1 we have on record.
How much did Seino Holdings Co., Ltd. pay for Mitsubishi Electric Logistics Corporation?
Seino Holdings Co., Ltd. paid $383.7M for Mitsubishi Electric Logistics Corporation.
What does Mitsubishi Electric Logistics Corporation do?
Seino Holdings agreed to buy 66.6% of Mitsubishi Electric Logistics, the logistics arm of Mitsubishi Electric, which had sales of JPY 135bn and operating profit of JPY 3.98bn. Mitsubishi Electric retains 33.4%. Seino said scale was needed to cope with Japan's '2024 problem' driver shortage.
What other Logistics and freight transport companies has Seino Holdings Co., Ltd. acquired?
Mitsubishi Electric Logistics Corporation is Seino Holdings Co., Ltd.'s only publicly tracked acquisition in Logistics and freight transport so far.