Daimler Truck has completed a secondary offering of shares in Archion Corporation, reducing its equity stake to 25% and generating cash proceeds of approximately €600m ($701.5m).
The reduced stake now matches the 25% equity holding of Toyota Motor, completing the ownership structure envisaged following the business integration of Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Hino Motors.
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Archion is the holding company created through the integration of Hino Motors, a truck unit of Toyota Motor, and Daimler’s MFTBC..
The merger was completed at the beginning of April 2026, with Archion owning 100% of the shares in both MFTBC and Hino and being listed on the Tokyo Stock Exchange.
In the same month, Archion launched operations under the Archion group structure, bringing both businesses together within a single organisation.
In a statement, Daimler Truck said: “For Daimler Truck, the business integration of Mitsubishi Fuso and Hino marked an important step to capitalise on its strategic pillar to unlock full potential. Daimler Truck is determined to increase long-term efficiency while strengthening the focus on heavy-duty commercial vehicles and realising scale, where it creates value.”
Before the offering, Daimler Truck and Toyota Motor each held 41.4% of the equity in the new holding company, with the remaining shares publicly traded.
Daimler Truck CFO Eva Scherer: “By reducing our shareholding in Archion to 25%, we have reached an important strategic milestone for Daimler Truck.
“The secondary offering generated cash proceeds of approximately €600m, increased Archion’s free float and completed its successful transition to an independently listed company.”
As part of integration measures announced in October 2025, Hino Motors alongside MFTBC outlined plans to consolidate their production facilities in Japan.
The companies streamlined their domestic production network, reducing the number of truck manufacturing sites from five to three, with operations focusing on the Kawasaki Plant in Kanagawa Prefecture, the Koga Plant in Ibaraki Prefecture, and the Nitta Plant in Gunma Prefecture.
In June, Archion announced it would join the Commercial Japan Partnership Technologies Corporation (CJPT) in place of MFTBC and Hino.
