Toyota acquires Taiwanese forklift business

Toyota acquires the forklift business of Taiwanese manufacturer Tailift.

Toyota acquires Taiwanese forklift business
Toyota Material Handling's logo

The parent company of Toyota Material Handling Australia, Toyota Industries Corporation (TICO), has acquired the forklift half of Tailift, a Taiwanese manufacturer of various industrial machines.

Tailift’s main products are internal combustion and electric forklifts, as well as sheet metal equipment such as laser cutting machines. The deal means the forklift business of Tailift will be spun-off into a new entity that will be jointly operated.

Tailift says the operation and management of the new entity will continue to be directed by the Lin family, which includes Tailift’s president and CEO Steve Lin.

Tailift says the decision was made "in view of the efficiencies to be gained from specialisation and re-organisation."

Though Tailift’s strengths have traditionally been in emerging markets, Tailift say that with the deal in place they aim to achieve growth in the world market as a whole.

Tailift’s headquarters are located in Taichung, Taiwan, and the company was established in 1973.

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