17.10.2007 – 09:54

Nissan Motor Co., Ltd.

Nissan Completes Acquisition of Sweden's ATLET AB

Tokyo (ots/PRNewswire)

Nissan Motor Co., Ltd. announced today
the completion of its acquisition of ATLET AB on 16th through its
subsidiary, Nissan Forklift Europe B.V., following approval from the
European Commission.

Mr. Toshio Aoki, General Manager of Industrial Machinery Division
at Nissan Motor, is appointed as new chairman of the board at ATLET
while Mr. Keiji Ikeda of Nissan Motor is appointed as new CEO at
ATLET. Both will be based at the ATLET headquarters in Mölnlycke,
Sweden.

Nissan Forklift's key markets include Europe, USA, Japan and other
global markets. Nissan Forklift's main products are engine and
battery powered counterbalanced forklifts. Atlet has a strong
presence in Europe, its main market, and is also experiencing growth
in emerging markets.

The agreement will allow both companies to benefit from the
exchange of technology and manufacturing know-how. In addition, joint
purchasing opportunities are expected to improve cost
competitiveness.

Combined, the companies produce more than 36,500 units worldwide a
year with an annual turnover of 858 million euros. Both brands and
sales networks will be operated separately in the market.

Notes to Editors:

Nissan Forklift Europe B.V. is a wholly-owned subsidiary of Nissan
Motor Co., Ltd., and is part of Nissan Motor's industrial machinery
division. Nissan Motor's Industrial Machinery Division produces
material handling products and is celebrating its 50th anniversary
this year.

    Outline of Nissan Motor's Industrial Machinery Division
    Headquarters:                        Tokyo, Japan
    Start of forklift production:        1957
    Production facilities:               Japan, USA and Spain
    Sales:                               EUR 676mil
    Production:                          30,000 units
    Number of Employees:                 Approx. 1,400 (including
                                         subsidiaries)
    Outline of ATLET AB
    Atlet was founded 49 years ago by Knut Jacobsson and since then, this
    family-owned business has provided new and innovative solutions for the
    internal material handling market.
    Headquarters:                    Mölnlycke, Sweden
    Operations:                      Development, manufacturing and sales
                                     of warehouse material handling equipment
    Start of production:             1958
    Sales:                           SEK 1,685.8 million /EUR 182mil
    Production:                      6,500 units
    Number of Employees:             Approx 1,000 (including subsidiaries)

For more information, contact:
    Nissan Europe
    Penny Szczepaniak, Nissan Europe
    Tel: +33-1-30-13-57-87
    http://www.nissan-nfe.com
    Nissan Motor Co., Ltd. (Japan)
    Communications CSR Department
    Global Communications CSR and IR Division
    Tel:+81-(0)3-5565-2141
    http://press.nissan-global.com/EN

Contact:

For more information, contact: Nissan Europe, Penny Szczepaniak,
Nissan Europe, Tel: +33-1-30-13-57-87; Nissan Motor Co., Ltd.
(Japan), Communications CSR Department, Global Communications CSR and
IR Division, Tel:+81-(0)3-5565-2141