# MHI and JTEKT reach basic agreement for machine tool business tie-up

Mitsubishi Heavy Industries and its subsidiary Mitsubishi Heavy Industries Machine Tool have reached a basic agreement with JTEKT Corporation to form a business partnership, including capital participation, in machine tools and precision tools. A formal agreement is targeted by July 31, 2018.

- Type: Partnership
- Announced: 2017-12-22
- Where: Japan
- Status: announced
- Products: machine tools, precision tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Mitsubishi Heavy Industries](https://endata.com/companies/493.md)
- [Mitsubishi Heavy Industries Machine Tool](https://endata.com/companies/18068.md)
- [Mitsubishi Heavy Industries](https://endata.com/companies/493.md) (partner)
- [EDF](https://endata.com/companies/771.md) (partner)
- [Framatome](https://endata.com/companies/3370.md) (partner)
- [JTEKT Corporation](https://endata.com/companies/8792.md) (partner)
- [Mitsubishi Heavy Industries Machine Tool](https://endata.com/companies/18068.md) (partner)

## Sources

- [mhi.com](https://www.mhi.com/news/171222.html), 2017-12-22: "By pooling their respective management resources, the three companies seek to enhance their competitiveness in the market for machine tools and expand their business scale."
- [world-nuclear-news.org](https://www.world-nuclear-news.org/articles/edf-and-mhi-to-collaborate-on-atmea-joint-venture), 2018-01-05: "Under the new structure, there will be fifty-fifty ownership of Atmea between MHI and EDF, along with a special share owned by Framatome."
- [metalmecanica.com](https://www.metalmecanica.com/es/noticias/acercamientos-entre-mitsubishi-y-jtekt), 2018-01-09: "Mitsubishi Heavy Industries Machine Tool llegó a un acuerdo básico con JTEKT Corporation para comenzar las conversaciones con miras a formar una asociación comercial, incluida la participación de capital."

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