Mitsubishi-Hitachi Metals Machinery to acquire Siemens' stake in Primetals Technologies

Mitsubishi-Hitachi Metals Machinery (MHMM) agreed to acquire Siemens' 49% stake in Primetals Technologies, making MHMM the sole owner. Closing is expected by early 2020. Financial details were not disclosed.

“Mitsubishi-Hitachi Metals Machinery (MHMM) – an MHI group company – and Siemens AG reached agreement on September 30, 2019, that MHMM will acquire Siemens’ 49 percent stake in Primetals Technologies.”press.siemens.com

• 2 sources
• press.siemens.comMitsubishi-Hitachi Metals Machinery to acquire Siemens’ stake in Primetals Technologies | Press | Company | SiemensOct 1, 2019
• steelmarketupdate.comMHMM to Become Sole Owner of Primetals Technologies - Steel Market UpdateSandy WilliamsOct 4, 2019

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