# Harmonic Drive Systems and Innovation Network of Japan to acquire 63.2% of Harmonic Drive AG for €260M

Harmonic Drive Systems and Innovation Network Corporation of Japan agreed to acquire the remaining 63.2% stake in Harmonic Drive AG, in a 60/40 split, for approximately €260 million. The deal is pending regulatory approval.

- Type: Acquisition
- Announced: 2016-12-16
- Where: Germany
- Value: $275.0M (260.0M EUR)
- Status: announced
- Products: precision gear reducers, harmonic drives
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Harmonic Drive Systems](https://endata.com/companies/587.md) (acquirer)
- [Innovation Network Corporation of Japan](https://endata.com/companies/588.md) (acquirer)
- [Harmonic Drive AG](https://endata.com/companies/589.md) (target)

## Sources

- [hk.marketscreener.com](https://hk.marketscreener.com/quote/stock/HARMONIC-DRIVE-SYSTEMS-IN-13655246/news/Harmonic-Drive-Systems-Inc-and-Innovation-Network-Corporation-of-Japan-signed-an-agreement-to-acqui-35247815/), 2016-12-15: "Harmonic Drive Systems and Innovation Network Corporation of Japan will acquire 63.2% stake in Harmonic Drive AG in the ratio of 60% and 40% respectively."

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