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Transportation

Mitsubishi unit expands US logistics reach in $2.9bn deal

Target CAI International is a big player in marine container leasing

Mitsubishi HC Capital says its acquisition of CAI International will make it the world's second-largest container leasing company. (Screenshot from MUFG and CAI International websites) 

TOKYO -- Mitsubishi HC Capital is to buy U.S. transportation finance company CAI International in a $2.9 billion deal.

"We have decided to make this acquisition in order to strengthen our 'global assets' which are one of our focus areas," said MHC in a statement issued on Friday.

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