# Kyocera to acquire 80% of Ryobi's power tool business

Kyocera signed a share transfer agreement to acquire 80% of a newly established company, Kyocera Industrial Tools Corporation, which will inherit Ryobi's power tool business. The acquisition is expected to close in January 2018.

- Type: Acquisition
- Announced: 2017-10-31
- Where: Hiroshima Prefecture, Japan
- Status: announced
- Products: power tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [KYOCERA Corporation](https://endata.com/companies/14971.md) (acquirer)
- [Ryobi](https://endata.com/companies/17826.md) (target)

## Sources

- [nikkei.com](https://www.nikkei.com/article/DGXLRSP461989_R31C17A0000000/), 2017-10-31: "京セラ株式会社は、本日、リョービ株式会社と、株式譲渡契約を締結しましたのでお知らせいたします。"

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