CCI Approves Acquisition of Toyota Industries Corporation
The Competition Commission of India has approved the acquisition of Toyota Industries Corporation by Toyota Asset Preparatory Co., Ltd. This acquisition involves Toyota Asset Preparatory Co., Ltd. acquiring 100% of Toyota Industries Corporation to restructure and consolidate it within the Toyota group. The Acquirer is an investment vehicle and is not engaged in any business activities globally. Toyota Motor Corporation is involved in manufacturing and selling automobiles and parts in India, while Toyota Industries Corporation operates in material handling equipment, engine and transmission parts, textile machinery, and automated logistics solutions.
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