Equity investor EQT seeks to purchase Fujitec, a Japanese lift manufacturer, for a reported 2.6 billion dollars, according to Nikkei.
In a significant development, European investment fund EQT has announced its intention to acquire Japanese elevator maker Fujitec through a tender offer worth over 400 billion yen ($2.6 billion). According to reports by the Nikkei business daily, the tender offer price is higher than Fujitec's current share price of 6,205 yen.
One of the key players in this unfolding story is Hong Kong-based Oasis Management, an activist investor holding approximately 30% of Fujitec's shares. After the acquisition announcement, Oasis Management has agreed to tender its stake in the pending buyout.
Prior to the announcement, Oasis Management had been actively involved with Fujitec, raising its stake to around 29.37% earlier in 2025. The acquisition aims to resolve prior conflict between Fujitec’s founding family and activist investors, led by Oasis, and sets a stage for rebuilding Fujitec’s business with EQT’s long-term growth strategy.
With Oasis Management and another major shareholder, Farallon Capital (holding over 6%), both agreeing to sell their stakes, the tender offer is essentially guaranteed to succeed. This move means that Oasis will effectively exit its activist ownership position as Fujitec goes private. However, the company’s founding family will retain a minority stake of approximately 15% according to the buyout plan.
The exact tender offer price from EQT is estimated to be within the upper 5,000 yen range. The acquisition, if it goes through, will mark a significant shift in the Japanese elevator industry, with EQT aiming to leverage its global resources and expertise to drive growth and innovation in Fujitec.
However, it's important to note that the acquisition of Fujitec by EQT is, as of the report, unconfirmed by Fujitec or EQT. More details are expected to emerge in the coming weeks as the tender offer is expected to launch in late January next year.
[1] Nikkei Asia, "Swedish investment fund EQT to buy Japanese elevator maker Fujitec for over 400 billion yen", 12th December 2025. [2] Reuters, "EQT to buy Japanese elevator maker Fujitec for $2.6 billion", 12th December 2025. [3] Bloomberg, "EQT to Acquire Japanese Elevator Maker Fujitec for $2.6 Billion", 12th December 2025. [4] Financial Times, "Oasis Management to sell stake in Fujitec as EQT buys Japanese elevator maker", 12th December 2025. [5] The Wall Street Journal, "Oasis Management to Sell Stake in Fujitec as EQT Buys Japanese Elevator Maker", 12th December 2025.
- With EQT's acquisition of Fujitec, the financial aspect of the business is set to change significantly, as the tender offer price is estimated to be within the upper 5,000 yen range, potentially impacting shareholders and the overall market value.
- EQT, through this acquisition, aims to implement its long-term growth strategy and drive innovation in the business sector of Fujitec, leveraging its global resources and expertise.
