ACE transfers heavy cranes business to 50:50 JV with KATO Works

Action Construction Equipment Ltd (ACE) approved the transfer of its Heavy Cranes Business to ACE KATO Private Limited, a 50:50 joint venture with Japan's KATO Works Co., Ltd. ACE's stake in the JV will be restructured to 50%.

“The Board of Directors at Action Construction Equipment Limited (ACE) has authorized the execution of a Business Transfer Agreement (BTA) to transfer the company's Heavy Cranes Business to ACE KATO Private Limited.”whalesbook.com

• 1 source
• whalesbook.comACE Transfers Heavy Cranes to 50:50 JV with KATO, Restructures Stake | Whalesbook Corporate NewsIshaan VermaApr 30, 2026

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