Seino Holdings Acquires Majority Stake in Mitsubishi Electric Logistics (Renamed MD LOGIS)
October 1, 2024
Seino Holdings acquired 66.6% of Mitsubishi Electric Logistics Corporation from Mitsubishi Electric Corporation and the company was renamed MD LOGIS CORPORATION. Following the share transfer, Seino holds 66.6% of voting rights and Mitsubishi Electric retains 33.4% as an equity-method affiliate.
- Buyers
- SEINO HOLDINGS CO., LTD.
- Targets
- MD LOGIS CORPORATION (formerly Mitsubishi Electric Logistics Corporation)
- Sellers
- Mitsubishi Electric Corporation
- Industry
- Logistics & Distribution
- Location
- Tokyo, Japan
- Transaction Type
- Buyout
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