On June 30, 2023, Hangcha Australia Pty Ltd., a subsidiary of Hangcha Group, wholly acquired Hangcha Equipment Pty Ltd, Hangcha distributor in Australia. This strategic acquisition is another important step for Hangcha Group to expand its global business.
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Jason Wu (right), general manager assistant of Hangcha Group and general manager of Zhejiang Hangcha Import and Export Co., Ltd., & Bill Yu (left), director of Hangcha Equipment Pty, Ltd., signed the agreement
This acquisition will further expand the influence of Hangcha Group in Australia, improve the overseas sales and service network, and increase the company's local market share and profitability. Hangcha Equipment Pty Ltd., has been conducting material handling equipment business in Australia for 8 years, and has accumulated much market experience and customer resources. They put service first and won the favor and trust of customers for the Hangcha brand.
After the acquisition, Hangcha Group will make full use of the company's about 50 years’ experience in the field of material handling equipment, take the advantages of Hangcha Equipment Pty Ltd.'s years of deep cultivation in the Australian market, build a strong marketing and service network, and provide local users with high-quality industrial vehicle products.
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Photo of the two parties
Founded in 1956, Hangcha Group is currently one of the largest forklift R&D and manufacturing groups in China and the top eight forklift manufacturing and suppliers in the world. In 2022, the turnover of Hangcha Group is USD 2.14 billion, of which overseas revenue is USD 750 million, seeing a year-on-year increase of 70%. Export sales keeps leading in the industry for over ten consecutive years. In recent years, the company enjoys a great momentum of international development, and the overseas market prospects are promising.
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Hangcha provides a full range of lithium forklifts
This acquisition is an important milestone for Hangcha Group to accelerate the process of globalization. The company will firmly grasp the development trend of digitalization, greening, internationalization, and intelligence in the forklift industry, keep providing global users with high-quality forklift products and services upon a global vision and international standards, and make handling easier!
