Hitachi to acquire 34% stake in Kawasaki's wheel loader division

Kawasaki will spin off its wheel loader division into a new wholly owned subsidiary, and Hitachi will buy a 34% stake before the end of 2009, with an option to buy a controlling share after three years. TCM, already majority owned by Hitachi, will join in a technology-sharing alliance.

“The alliance would allow them to strengthen their complementary relationship in technology development and products, to strengthen product competitiveness and to achieve a win-win cooperative relationship.”insidewaste.com.au

• 1 source
• insidewaste.com.auHitachi strengthens its hand - Inside WasteMike RitchieJul 31, 2018

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