# 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%.

- Type: Acquisition
- Announced: 2026-04-30
- Where: India
- Status: announced
- Products: heavy cranes, high-capacity cranes
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Action Construction Equipment](https://endata.com/companies/62722.md)
- [Kato Works](https://endata.com/companies/17636.md) (partner)
- [ACE KATO Private Limited](https://endata.com/companies/91656.md) (acquirer)

## Sources

- [whalesbook.com](https://www.whalesbook.com/corporate-news/English/industrial-goodsservices/ACE-Transfers-Heavy-Cranes-to-5050-JV-with-KATO-Restructures-Stake/69f3497c08235f0c2a20b79e), 2026-04-30: "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."

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