# 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.

- Type: Acquisition
- Announced: 2018-03-09
- Where: Japan
- Status: announced
- Products: wire rope hoists, geared motors, hoist parts, maintenance services
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Konecranes](https://endata.com/companies/511.md) (acquirer)
- [Mitsubishi Electric](https://endata.com/companies/2378.md) (partner)
- [Mitsubishi Electric FA Industrial Products](https://endata.com/companies/30662.md) (target)

## Sources

- [tradearabia.com](https://www.tradearabia.com/News/464863/Konecranes-boosts-Japan-presence-with-70pc-acquisition-of-Mitsubishi-Electric), 2018-03-09: "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."

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