# NC Holdings subsidiary Nippon Conveyor to acquire Kansai Electric Industry

NC Holdings announced that its wholly owned subsidiary Nippon Conveyor Co., Ltd. has signed a basic agreement to acquire shares of Kansai Electric Industry Co., Ltd., making it a subsidiary.

- Type: Acquisition
- Announced: 2019-10-01
- Where: Japan
- Status: announced
- Products: conveyor systems, electrical equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Nippon Conveyor](https://endata.com/companies/42433.md) (acquirer)
- [Kansai Electric Industry](https://endata.com/companies/42434.md) (target)
- [NC Holdings](https://endata.com/companies/42435.md) (partner)

## Sources

- [nc-hd.jp](https://nc-hd.jp/ir/2019/10/post-39.html), 2019-10-01: "当社完全子会社日本コンベヤ株式会社による関西電機工業株式会社の株式取得（子会社化）に関する基本合意書締結のお知らせ"

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