Konecranes to acquire 70% stake in Mitsubishi Electric FA Industrial Products

Konecranes will acquire a 70% stake in Mitsubishi Electric FA Industrial Products (MFK) from Mitsubishi Electric Corporation. MFK is a Japanese market leader in wire rope hoists, geared motors, and services, with annual sales of around €90 million and 400 employees.

“Konecranes is set to acquire a 70 per cent stake in Mitsubishi Electric FA Industrial Products (MFK), strengthening its position in Japan’s wire rope hoist, geared motor and service markets.”tradearabia.com

• 1 source
• tradearabia.comKonecranes boosts Japan presence with 70pc acquisition of Mitsubishi ElectricMar 9, 2018

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