Toyota Material Handling North America invests in charging solution
TMHNA has an annual revenue of more than $7B across nearly 300 dealerships
Toyota Material Handling North America, parent of the Toyota Material Handling and Raymond brands, announced a strategic investment in charging solutions provider Advanced Charging Technologies.
With the investment in Advanced Charging Technologies (ACT), Toyota Material Handling North America (TMHNA) intends to strengthen its position in next-generation electric and battery-charging solutions for the material handling industry, according to an Oct. 23 TMHNA release. The companies did not disclose the size of the investment.
ACT will continue serving TMHNA’s distribution network while expanding its reach as a preferred energy solutions partner, according to the release. As part of the investment, TMHNA President and CEO Brett Wood will join ACT’s board of directors to help guide joint growth strategies.
The move also aligns with TMHNA’s goal of delivering integrated, energy-efficient technologies across its manufacturing and distribution operations throughout North America, according to the release. TMHNA has an annual revenue of more than $7 billion across nearly 300 dealership locations for its Toyota and Raymond brands.
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