# Hitachi Koki to acquire Metabo parent company for ¥21.4 billion

Hitachi Koki Co., Ltd. decided to acquire Power Tool Invest B.V., the parent company of German power tool manufacturer Metabo Aktiengesellschaft, for approximately ¥21.4 billion, making Metabo a wholly owned subsidiary. The share transfer is scheduled for March 1, 2016.

- Type: Acquisition
- Announced: 2015-11-13
- Where: Germany
- Value: $177.0M (21.4B JPY)
- Status: announced
- Products: power tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hitachi Koki](https://endata.com/companies/16613.md) (acquirer)
- [Power Tool Invest B.V.](https://endata.com/companies/16614.md) (target)
- [Metabo](https://endata.com/companies/16615.md) (target)

## Sources

- [nihon-ma.co.jp](https://www.nihon-ma.co.jp/news/20151113_6581/), 2017-01-13: "日立工機は、metabo 社の持つ強力なブランド力およびドイツをはじめとした欧州市場の有力な販路を獲得する。"

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