Key Facts
• On July 30, Swedish investment fund EQT announced a tender offer (TOB) for Fujitec.
• The purchase price is set at ¥5,700 per share, below Fujitec’s July 29 closing price of ¥6,205.
• The total acquisition cost is approximately ¥407.8 billion.
• Fujitec faced management turmoil due to conflicts between its founding family and activist shareholders.
• EQT aims to begin the TOB in late January next year.
• Hong Kong-based Oasis Management, Fujitec’s largest shareholder with a 30% stake, supports the deal.
• If the acquisition succeeds, Fujitec will be delisted from the stock exchange.
Summary
Swedish investment fund EQT has announced plans to acquire Japanese elevator manufacturer Fujitec through a tender offer (TOB) at ¥5,700 per share, totaling approximately ¥407.8 billion. The offer price is lower than Fujitec’s July 29 closing price of ¥6,205. Fujitec, which has faced management instability due to disputes between its founding family and activist shareholders, has agreed to the acquisition. Oasis Management, a Hong Kong-based fund holding 30% of Fujitec’s shares, also supports the deal. EQT plans to initiate the TOB in January 2026, with Fujitec expected to be delisted upon successful acquisition.
