Sweden’s EQT to buy out Japan’s Fujitec in all-share $2.7bn deal

Investment group to revamp elevator maker rocked by activist shareholders

Fujitec’s headquarters in Shiga, Japan. (Photo by Norika Taguchi)

TOKYO — Elevator maker Fujitec has been targeted for a 400 billion yen ($2.7 billion) buyout by Swedish investment group EQT, sources told Nikkei on Tuesday.

The buyout value of the Tokyo-listed company will be the third largest buyout deal this year for a Japanese listed company after those involving Toyota Industries and NTT Data.

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Sweden’s EQT to buy out Japan’s Fujitec in all-share $2.7bn deal

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