# Perkins Engines to acquire IHI Agri-Tech's shares in joint venture

Perkins Engines has agreed to buy out IHI Agri-Tech's remaining shares in their joint venture for Perkins 400 Series off-road engines, which has produced over 1 million engines.

- Type: Acquisition
- Announced: 2018-10-01
- Where: Jiangsu Province, China
- Status: announced
- Products: off-road engines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Caterpillar](https://endata.com/companies/1968.md) (partner)
- [Perkins Engines](https://endata.com/companies/34669.md) (acquirer)
- [IHI Agri-Tech](https://endata.com/companies/34670.md) (target)

## Sources

- [equipmentworld.com](https://www.equipmentworld.com/dealers/article/14970097/business-roundup-includes-cat-jcb-komatsu-and-more), 2018-10-01: "Perkins Engines has agreed to buy out IHI Agri-Tech’s (IAT) remaining shares in the venture."
- [forconstructionpros.com](https://www.forconstructionpros.com/equipment/fleet-maintenance/diesel-engines/press-release/21025296/perkins-engines-inc-perkins-buys-out-its-japanese-partner-of-23-years), 2018-10-03: "We see growth potential in compact engines to power small equipment such as mini excavators, generators, skid steer loaders and access platforms."

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