# Hitachi Metals to acquire full ownership of Hitachi Metals MMC Superalloy from Mitsubishi Materials

Hitachi Metals, Ltd. announced it will acquire all shares of its subsidiary Hitachi Metals MMC Superalloy, Ltd. held by Mitsubishi Materials Corporation, making it a wholly-owned subsidiary. The share transfer is scheduled for October 2, 2017, to strengthen the aircraft and energy materials business.

- Type: Acquisition
- Announced: 2017-09-27
- Where: Japan
- Value: $53.4M (6.00B JPY)
- Status: announced
- Products: superalloys, aircraft and energy materials
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Mitsubishi Materials](https://endata.com/companies/8627.md) (partner)
- [Mitsubishi Materials](https://endata.com/companies/8627.md) (target)
- [Hitachi Metals, Ltd.](https://endata.com/companies/27153.md) (acquirer)
- [Hitachi Metals MMC Superalloy, Ltd.](https://endata.com/companies/27154.md) (target)
- [MMC Superalloy Corporation](https://endata.com/companies/27283.md) (target)

## Sources

- [proterial.com](https://www.proterial.com/e/press/backnumber/2017/n0927.html), 2017-09-27: "The purpose of the acquisition is to strengthen the aircraft and energy materials business."
- [marketscreener.com](https://www.marketscreener.com/quote/stock/PROTERAL-6492030/news/Hitachi-Metals-Ltd-completed-the-acquisition-of-remaining-49-stake-in-MMC-Superalloy-Corporation-34947955/), 2017-10-01: "Hitachi Metals, Ltd. completed the acquisition of remaining 49% stake in MMC Superalloy Corporation from Mitsubishi Materials Corporation."

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