Australian modular truck body and parts manufacturing company, STG Global, has joined forces with an Osaka-based OEM of special purpose vehicles.
STG Global has been acquired by Kyokuto Kaihatsu Kogyo in a deal that unites expertise, innovation and a shared vision for global expansion.
“Kyokuto’s acquisition of 100 per cent of STG Global’s shares from RRA Pty Ltd and Oceania Capital Partners is a key component of its ambitious plan to invest 10 billion Japanese yen in international growth,” STG Global said in a statement.
“By combining our strengths, this partnership positions both companies to capitalise on emerging opportunities in global markets.”
The partnership is expected to enhance operational efficiency and profitability through integration across Australia and China.
It will also expand the company’s product portfolio to serve a broader range of industries and unlock new cross-selling opportunities in established markets like Japan and Australia while accelerating growth in North America and Europe.
“This acquisition will create synergies that enable rapid and sustainable growth, strengthening our global footprint and contributing to medium- and long-term results,” said Kyokuto Kaihatsu Kogyo CEO, Tatsuya Nunohara.
“Together, we aim to deliver innovative, environmentally friendly solutions that bring superior value to our customers.
“We are thrilled to welcome STG into the Kyokuto family. Together, we aim to enhance our product offerings, expand globally, and drive sustainable growth.”
Kyokuto Kaihatsu Kogyo has manufactured special purpose vehicles since 1955. Its recent acquisitions including SATRAC Engineering in India reflects the company’s commitment to global growth.