EQT has announced a USD 2.7 billion tender offer to take Fujitec Co., Ltd. private, marking the largest sponsor-led buyout in Japan so far this year and EQT’s biggest acquisition in the country since opening its Tokyo office in 2006.
Founded nearly 80 years ago, Fujitec is a leading elevator and escalator manufacturer, known for its engineering and safety standards. Operating across 24 global markets, it remains the only independent full-scope OEM in Japan’s vertical transportation sector.
Upon completion, EQT will hold an 85% stake, with the founding family retaining the remaining 15%. EQT plans to work closely with Fujitec’s management to strengthen operations, accelerate digital transformation, and expand the company’s footprint—especially in Japan, India, North America, and Southeast Asia.
The deal reflects EQT’s increasing focus on Japan, where it has executed four transactions in the past two months. Fujitec is seen as a strong platform for growth, with EQT aiming to enhance its global competitiveness through its active ownership and industrial expertise.
This investment will account for 5–10% of BPEA Private Equity Fund IX, based on the target fund size and subject to regulatory approval.
Source: EQT
