# MonotaRO to acquire majority stake in Industrybuying via JV with Emtex Engineering

Japanese B2B ecommerce company MonotaRO will invest $15 million in a joint venture with Emtex Engineering, acquiring a 51.6% stake in Industrybuying.com, Emtex's SME supply business. The deal was announced on September 23, 2020.

- Type: Acquisition
- Announced: 2020-09-23
- Where: Gurugram, India
- Value: $15.0M
- Status: announced
- Products: SME ecommerce supply

## Companies

- [MonotaRO](https://endata.com/companies/50155.md) (acquirer)
- [Emtex Engineering](https://endata.com/companies/50156.md) (target)
- [Industrybuying.com](https://endata.com/companies/50157.md) (target)

## Sources

- [moneycontrol.com](https://www.moneycontrol.com/news/business/japans-monotaro-invests-15-million-in-industrybuying-enters-into-jv-with-parent-company-5885731.html), 2020-09-25: "MonotaRO will acquire a majority stake in Gurugram-based Industrybuying.com, which is the SME supply business of Emtex Engineering."

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