# 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.

- Type: Acquisition
- Announced: 2018-07-31
- Where: Japan
- Status: announced
- Products: wheel loaders
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hitachi](https://endata.com/companies/1325.md) (acquirer)
- [Kawasaki](https://endata.com/companies/14634.md) (target)
- [TCM Corporation](https://endata.com/companies/19767.md) (partner)

## Sources

- [insidewaste.com.au](https://www.insidewaste.com.au/hitachi-strengthens-its-hand/), 2018-07-31: "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."

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