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Melbourne, Australia, December 2024 – We are proud to announce a significant milestone in STG Global’s journey. STG Global Holdings Pty Ltd, Australia’s leader in specialised modular truck bodies and parts manufacturing, has officially joined forces with Kyokuto Kaihatsu Kogyo Co., Ltd (TYO:7226), a globally recognised Osaka-based manufacturer of special-purpose vehicles. This transformative partnership unites two industry leaders, bringing together expertise, innovation, and a shared vision for global expansion.
Kyokuto’s acquisition of 100% 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. By combining our strengths, this partnership positions both companies to capitalise on emerging opportunities in global markets.
A Partnership Built on Synergy
The partnership between STG and Kyokuto is more than a merger—it’s the start of an exciting new chapter. By leveraging our combined resources and expertise, we are positioned to:
- Enhance operational efficiency and profitability through integration across Australia and China.
- Expand our product portfolios to serve a broader range of industries.
- Unlock new cross-selling opportunities in established markets like Japan and Australia, while accelerating growth in North America and Europe.
Kyokuto highlighted the impact of this partnership:
“This acquisition will create synergies that enable rapid and sustainable growth, strengthening our global footprint and contributing to medium- and long-term results. Together, we aim to deliver innovative, environmentally friendly solutions that bring superior value to our customers.”
Kyokuto Chief Executive Office (CEO), Tatsuya Nunohara added:
“We are thrilled to welcome STG into the Kyokuto family. Together, we aim to enhance our product offerings, expand globally, and drive sustainable growth.”
About Kyokuto Kaihatsu Kogyo
Since 1955, Kyokuto has been a leader in special-purpose vehicle manufacturing. Known for its legacy of quality and innovation, Kyokuto operates across Japan, China, Indonesia, and India. The company’s recent acquisitions, including SATRAC Engineering in India, reflect its commitment to global growth. With over 3,200 professionals worldwide, Kyokuto shares STG’s dedication to excellence, sustainability, and delivering unmatched customer value.
What This Means for STG
For STG, this partnership is a springboard for our vision of becoming a global leader in specialised vehicle solutions. As Ross Yendle of STG explained:
“Kyokuto’s decision to acquire STG is a testament to the hard work of our team and the reputation we’ve built. This partnership empowers us to bring our innovative products to customers around the globe faster and more effectively than ever.”
Looking Ahead
As part of the Kyokuto family, STG is entering a new era of growth and opportunity. Together, we’re committed to driving innovation, sharing knowledge, and shaping a sustainable future for our teams, customers, and stakeholders worldwide.
For more updates and insights, visit STG Global or Kyokuto Kaihatsu Kogyo.