# Konecranes to acquire 70% stake in Mitsubishi Electric FA Industrial Products

Mitsubishi Electric Corporation agreed to transfer a 70% stake in its subsidiary Mitsubishi Electric FA Industrial Products Corporation to Konecranes Oyj. The transaction is expected to close by March 2027, making the subsidiary a Konecranes subsidiary.

- Type: Acquisition
- Announced: 2026-07-07
- Where: Fukuoka, Japan
- Status: announced
- Products: hoists, geared motors
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Konecranes](https://endata.com/companies/511.md) (acquirer)
- [Mitsubishi Electric](https://endata.com/companies/2378.md) (partner)
- [Mitsubishi Electric](https://endata.com/companies/2378.md) (target)
- [Mitsubishi Electric FA Industrial Products](https://endata.com/companies/30662.md) (target)

## Sources

- [mitsubishielectric.com](https://www.mitsubishielectric.com/en/pr/2026/0707_fa/), 2026-07-07: "I am very pleased with this planned acquisition."
- [konecranes.com](https://www.konecranes.com/press-releases/konecranes-strengthens-its-presence-in-japan-by-entering-into-agreement-to-acquire-majority-interest-in), 2026-07-07: "Konecranes, a global leader in material handling solutions, is proceeding with its strategic plans to expand its global presence by acquiring a majority 70% interest in Mitsubishi Electric FA Industrial Products (“MFK”) belonging to Mitsubishi Electric Corporation."
- [breakbulk.news](https://breakbulk.news/konecranes-to-enter-japan-with-70-mitsubishi-electric-hoist-deal/), 2026-07-07: "I am very pleased with this planned acquisition."
- [forkliftaction.com](https://www.forkliftaction.com/news/konecranes-acquires-majority-stake-in-mitsubishi-subsidiary.aspx?n=34548), 2026-07-15: "MFK’s technologies, products and personnel strengthen our global footprint and give us a more significant presence in the attractive Japanese market under a world-leading and well-known brand."

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