Seino Holdings Acquires Majority Stake in Mitsubishi Electric Logistics (Renamed MD LOGIS)

Nippon Express Acquires MD Logistics and MD Express (U.S.)

September 3, 2020

Logistics & Distribution

Nippon Express Co., Ltd., via its U.S. subsidiary Nippon Express USA, Inc., completed the acquisition of all equity interests in MD Logistics, LLC and MD Express, LLC, making the businesses subsidiaries. MD Logistics is a U.S.-based third-party logistics provider (founded 1996) specializing in pharmaceutical cold-chain warehousing and distribution, with multiple facilities in Indiana and a site in Reno, Nevada and reported roughly $51M revenue for 2019.

KKR Acquires Hitachi Transport System (to be renamed LOGISTEED)

March 1, 2023

Logistics & Distribution

Global investment firm KKR has completed its acquisition of Hitachi Transport System Ltd. (HTS) through a KKR-controlled special purpose vehicle (HTSK), with Hitachi Ltd. retaining a 10% stake in the holding company. HTS will be renamed LOGISTEED and will continue to operate its Japan-focused 3PL, forwarding and warehousing businesses as KKR partners with Hitachi to pursue growth and expand capabilities.

Mitsubishi Electric Acquires Nozomi Networks

January 28, 2026

Cybersecurity

Mitsubishi Electric Corporation completed its acquisition of all outstanding shares of Nozomi Networks Inc., making Nozomi a wholly owned subsidiary effective January 28, 2026. Nozomi Networks will operate as an independent subsidiary out of San Francisco and continue delivering vendor-agnostic OT/IoT cybersecurity solutions; the company reported over $100M in 2025 revenue and ~336 employees as of December 2025.

Investcorp Acquires Majority Stake in Miebach Logistik Holding GmbH

March 17, 2025

Transportation

Investcorp has signed a definitive agreement to acquire a majority stake in Miebach Logistik Holding GmbH, a Frankfurt-based supply chain and logistics consultancy. The partnership will leave Miebach's existing equity partners with a significant minority stake and aims to support Miebach's organic growth and M&A strategy to expand its service offering and international footprint.

Lineage Logistics Acquires Mandai Link Logistics to Enter Singapore

May 4, 2022

Logistics & Distribution

Lineage Logistics, the world's largest temperature-controlled industrial REIT and logistics provider, has acquired Mandai Link Logistics, a market-leading automated cold storage operator in Singapore. The purchase—terms undisclosed—gives Lineage a Singapore foothold and expanded cold-chain capacity in Southeast Asia; Mandai's CEO Tan Seng Eng will remain on as an advisor.

Mitsubishi Heavy Industries Acquires Concentric, LLC

October 3, 2023

Energy

Mitsubishi Heavy Industries, Ltd. (MHI) completed the acquisition of 100% of Concentric, LLC from OnPoint Group on October 2. The acquisition establishes a new North American structure to expand MHI’s capabilities in power systems, electrification and energy services for data centers, logistics warehouses and industrial facilities.