# MHI and JTEKT discontinue talks on machine tools tie-up

Mitsubishi Heavy Industries and JTEKT Corporation agreed to discontinue discussions and terminate a basic agreement for a business partnership including capital participation in the machine tools business.

- Type: Partnership
- Announced: 2018-05-25
- Where: Japan
- Status: cancelled
- Products: machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Mitsubishi Heavy Industries](https://endata.com/companies/493.md)
- [JTEKT Corporation](https://endata.com/companies/8792.md) (partner)

## Sources

- [mhi.com](https://www.mhi.com/news/180525.html), 2018-05-25: "the parties have now agreed to discontinue these discussions and terminate the basic agreement."

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