Case details

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Merger control
Case reference
Ccent/2026/52 - Toyota Fudosan / Toyota Industries
Acquiring
Toyota Fudosan Co., Ltd.
Description
A Japanese company dedicated to the development and management of real estate, primarily office buildings, in Japan. In addition, it engages in investment in securities, having recorded no sales outside of Japan in fiscal year 2025.
Acquired
Toyota Industries Corporation
Description
A Japanese company, part of the Toyota Conglomerate, operating globally in the following business segments: (i) materials handling equipment; (ii) automobiles; (iii) textile machinery; and (iv) “other,” which mainly includes land transportation services. In Portugal, it is primarily active in (i) the logistics solutions sector, (ii) the supply of textile testing equipment, (iii) materials handling equipment, particularly forklifts, and (iv) the supply of automated airport handling systems.
Sector
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The merger operation consists of the acquisition, by Toyota Fudosan Co., Ltd. (“Toyota Fudosan”), of exclusive control over Toyota Industries Corporation (“Toyota Industries”).

Timeline
2026-07-29
Phase I Decision - The AdC (Portuguese Competition Authority) adopted a decision of non-opposition in the merger operation 52/2026 - Toyota Fudosan / Toyota Industries.
2026-07-15
Toyota Fudosan notifies acquisition of sole control over Toyota Industries
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