Partnership strengthens TMHNA’s position in advanced energy solutions
COLUMBUS, Ind., October 23, 2025 — Toyota Material Handling North America (TMHNA), comprised of The Raymond Corporation and Toyota Material Handling brands, announced today it is making a strategic investment in Advanced Charging Technologies (ACT).
ACT, a long-standing provider of charging solutions to both Raymond and Toyota, develops advanced battery charging technologies for the material handling industry. Through this strategic alliance, ACT will continue to serve TMHNA’s distribution network and expand its reach as a preferred provider of next-generation energy solutions.
“This partnership with TMHNA is an important step in our future,” said Bob Istwan, CEO of ACT. “Partnering with the global leader in electric material handling equipment opens a significant channel for growth and allows us to combine our world-class product offerings with theirs to bring solutions to market faster.”
As part of the investment, TMHNA will gain representation on ACT’s board of directors. Brett Wood, president and CEO of TMHNA, will serve on the board to help guide strategic direction and accelerate shared growth opportunities.
“ACT has been a trusted partner for many years, providing proven, reliable technologies that support our vision of advancing sustainable, electric-powered solutions in the material handling industry,” Wood said. “Through this investment, we are strengthening that relationship while opening new opportunities to serve our customers with innovative, integrated energy solutions.”
The investment marks another step in TMHNA’s long-term strategy to lead the industry in electrification, sustainability and innovation, building on its global commitment to delivering cutting-edge technologies and energy solutions to customers.
For more information on TMHNA and its brands’ commitments to providing innovative energy solutions, visit Toyota Material Handling at toyotaforklift.com or The Raymond Corporation at raymondcorp.com.
About Toyota Material Handling North America
Toyota Material Handling North America (TMHNA), the industry leader in forklift sales, is composed of two main group companies: Toyota Material Handling, Inc. and The Raymond Corporation. One in three forklifts sold in North America is either a Toyota or Raymond product. With nearly 2.5 million square feet of manufacturing space, TMHNA is composed of four manufacturing plant locations: Columbus, Indiana; Greene, New York; Muscatine, Iowa; and East Chicago, Indiana, that produce more than 1,900 forklifts per week. With an annual revenue of over $6 billion, TMHNA has more than 16,000 associates and nearly 300 dealers and solutions and support centers to support Toyota and Raymond customers throughout North America.
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FOR MORE INFORMATION, CONTACT:
Stephen Rosenberg
Toyota Material Handling North America
stephen.rosenberg@toyotatmh.com
404-644-1223
Elizabeth Buza
The Raymond Corporation
elizabeth.buza@raymondcorp.com
607-343-0845
Tanner Kersey-Lopez
Bader Rutter
tkerseylopez@bader-rutter.com
559-676-5446