# Kobe Steel acquires Quintus Technologies for US$115 million

Kobe Steel acquired Swedish isostatic press manufacturer Quintus Technologies AB from private shareholders led by Milestone Partners for US$115 million. Quintus becomes a wholly owned subsidiary of Kobe Steel.

- Type: Acquisition
- Announced: 2017-04-13
- Where: Västerås, Sweden, Sweden
- Value: $115.0M
- Status: completed
- Products: isostatic presses, sheet metal forming equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Kobe Steel](https://endata.com/companies/6583.md) (acquirer)
- [Quintus Technologies](https://endata.com/companies/6761.md) (target)
- [Milestone Partners](https://endata.com/companies/23590.md) (investor)

## Sources

- [kobelco.co.jp](https://www.kobelco.co.jp/english/releases/1196793_15581.html), 2017-04-13: "The acquisition of Quintus enables Kobe Steel to broaden its lineup of IP products and enter new growth markets."
- [reuters.com](https://www.reuters.com/article/markets/commodities/japans-kobe-steel-buys-swedens-quintus-technologies-for-115-mln-idUSL3N1HL1YM/), 2017-04-13: "Quintus Technologies is the world's biggest maker of isostatic presses, which are used to manufacture high-performance products such as aircraft parts."

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