# Cominix acquires Onishi Kiko to expand cutting tool business

Cominix acquired 68% of Onishi Kiko (Osaka, Japan; sales ¥1.09 billion) on February 27, 2020, and subsequently made it a wholly owned subsidiary through a share buyback. The acquisition price was not disclosed.

- Type: Acquisition
- Announced: 2020-02-27
- Where: Higashiosaka, Osaka, Japan
- Status: completed
- Products: cutting tools, hydraulic equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Cominix](https://endata.com/companies/45612.md) (acquirer)
- [Onishi Kiko](https://endata.com/companies/45613.md) (target)

## Sources

- [maonline.jp](https://maonline.jp/news/20200302e), 2020-03-01: "Cominixは、切削工具や油圧機器などの販売を手がける大西機工の株式68％を取得し、子会社化した。2月27日付。"

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