# 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.

- Type: Acquisition
- Announced: 2019-10-01
- Where: United Kingdom
- Status: announced
- Products: metals production technology and services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (target)
- [Primetals Technologies](https://endata.com/companies/16384.md) (target)
- [Mitsubishi-Hitachi Metals Machinery](https://endata.com/companies/42437.md) (acquirer)

## Sources

- [press.siemens.com](https://press.siemens.com/global/en/pressrelease/mitsubishi-hitachi-metals-machinery-acquire-siemens-stake-primetals-technologies), 2019-10-01: "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."
- [steelmarketupdate.com](https://www.steelmarketupdate.com/2019/10/04/mhmm-to-become-sole-owner-of-primetals-technologies/), 2019-10-04: "MHMM and Siemens AG, joint owners of Primetals, have agreed that MHMM will acquire Siemens’ 49 percent stake in the company for an undisclosed sum."

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