Cad Railway Industries Ltd. has sold a minority stake to Sojitz

Sojitz has acquired a minority interest in Cad Railway Industries Ltd. for an undisclosed consideration.

Established in 1968, Cad Railway Industries performs structural, mechanical and electrical repairs for the rail, marine, mining and power generating industries. The company also specializes in remanufacturing any type of rolling stock. Among its clients, the company services Canadian National and Canadian Pacific, two of the largest railroad companies in the world.

Sojitz engages in a wide range of businesses globally, including buying, selling, importing, and exporting goods, manufacturing and selling products, providing services, and planning and coordinating projects, in Japan and overseas. The company also invests in various sectors and conducts financing activities. The broad range of sectors in which Sojitz operates includes automobiles, energy, mineral resources, chemicals, foodstuff resources, agricultural and forestry resources, consumer goods, and industrial parks. It is one of the largest trading companies in Japan with over US$20 billion in assets.

Oaklins' team in Montreal acted as the advisor to the seller in this transaction.