Yanmar and Hitachi explore a compact equipment partnershipTOKYO – Yanmar Holdings Co., Ltd. and Hitachi Construction Machinery Co., Ltd. have signed a letter of intent to explore collaboration in the compact construction equipment business. Companies Respond to Changing Equipment MarketYanmar and Hitachi Construction Machinery said the construction equipment industry is facing changing customer demands, faster technological development and increased international competition. The companies said their discussions will focus on combining the strengths of Yanmar Compact Equipment with Hitachi Construction Machinery’s global infrastructure in the construction and mining sectors. Hitachi Expands Partnership StrategyHitachi Construction Machinery president Masafumi Senzaki said the company is seeking to become one of the world’s three largest construction machinery manufacturers by 2030. Hitachi Construction Machinery reported consolidated revenue of 1.4055 trillion yen for the fiscal year that ended in March 2026.