# ITOCHU to increase Hitachi Construction Machinery stake to 33.4%

ITOCHU Corporation has agreed to increase its shareholding in Hitachi Construction Machinery Co Ltd (HCM) to 33.4% by acquiring shares from a special purpose company invested by Japan Industrial Partners. The transaction is expected to close in April 2026.

- Type: Acquisition
- Announced: 2026-02-24
- Where: Japan
- Status: announced
- Products: construction and mining equipment
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [ITOCHU](https://endata.com/companies/1234.md) (acquirer)
- [Hitachi Construction Machinery](https://endata.com/companies/15738.md) (target)
- [Japan Industrial Partners](https://endata.com/companies/22431.md) (partner)

## Sources

- [im-mining.com](https://im-mining.com/2026/02/24/itochu-consolidates-position-as-largest-single-hcm-shareholder/), 2026-02-24: "ITOCHU Corporation last week announced that it has agreed to increase its shareholding in Hitachi Construction Machinery Co Ltd (HCM) to 33.4% by acquiring shares held by a special purpose company invested by the investment funds managed, operated or informed by Japan Industrial Partners, Inc."
- [nauticalvoice.com](https://nauticalvoice.com/itochu-secures-major-stake-in-hitachi-construction-machinery/88126/), 2026-02-28: "ITOCHU Corporation has solidified its position as a key player in the construction machinery sector by increasing its stake in Hitachi Construction Machinery (HCM) to 33.4%."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.