# Mitsubishi Heavy Industries to acquire full ownership of Primetals Technologies

The Competition Commission of India approved Mitsubishi Heavy Industries' acquisition of the remaining 49% stake in Primetals Technologies from Siemens AG, giving MHI 100% ownership.

- Type: Acquisition
- Announced: 2019-11-28
- Where: United Kingdom
- Status: announced
- Products: metals plant equipment, rolling mills
- 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) (partner)
- [Mitsubishi Heavy Industries](https://endata.com/companies/493.md) (acquirer)
- [Primetals Technologies](https://endata.com/companies/16384.md) (target)
- [Mitsubishi-Hitachi Metal Machinery Inc.](https://endata.com/companies/45362.md) (acquirer)
- [Siemens Aktiengesellschaft](https://endata.com/companies/45363.md) (partner)

## Sources

- [mondaq.com](https://www.mondaq.com/india/antitrust-eu-competition/878256/cci-approves-the-acquisition-by-mitsubishi-hitachi-metals-machinery-inc-in-primetals-technologies), 2019-12-26: "The CCI on November 28, 2019, has approved the acquisition of Primetals Technologies by Mitsubishi Heavy Industries."
- [azbpartners.com](https://www.azbpartners.com/bank/cci-approves-acquisition-of-shares-by-mitsubishi-heavy-industries-limited-in-primetals-technologies-limited/), 2020-02-19: "CCI approved the transaction notified by Mitsubishi Heavy Industries Limited ('MHI') and Mitsubishi-Hitachi Metal Machinery Inc. ('MHMM') which consisted of the following inter-connected steps: i. MHI (through MHMM) will acquire 49% equity shareholding in Primetals Technologies Limited ('PT'), from "

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