# Sumitomo Corp. acquires remaining 20% of Sunstate Equipment

Sumitomo Corp., through its subsidiary SMS International Corp., acquired the remaining 20% interest in Sunstate Equipment Co., making it a wholly owned subsidiary. The acquisition was announced on March 2, 2017.

- Type: Acquisition
- Announced: 2017-03-02
- Where: Phoenix, Arizona, United States
- Status: completed
- Products: equipment rental services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sumitomo Corporation](https://endata.com/companies/6281.md) (acquirer)
- [Sunstate Equipment Co.](https://endata.com/companies/22588.md) (target)

## Sources

- [rermag.com](https://www.rermag.com/news-analysis/headline-news/article/20951819/sumitomo-corp-acquires-remaining-20-percent-of-sunstate-equipment-rental-shares), 2017-03-02: "Sumitomo Corp. announced that is has acquired the remaining 20-percent interest in Sunstate Equipment Co. through its subsidiary SMS International Corp., making Sunstate a wholly owned company of Sumitomo Corporation Group."

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