# Kobe Steel moves standard compressor business to wholly owned subsidiary Kobelco Compressors

Kobe Steel announced on March 5, 2021 that it will transfer its standard compressor business to its wholly owned subsidiary Kobelco Compressors through a simplified absorption-type company split.

- Type: Investment
- Announced: 2021-03-05
- Where: Japan
- Status: announced
- Products: standard air compressors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Kobe Steel](https://endata.com/companies/6583.md)
- [Kobelco Compressors](https://endata.com/companies/7706.md) (partner)

## Sources

- [kobelco.co.jp](https://www.kobelco.co.jp/english/releases/1207994_15581.html), 2021-03-05: "it has resolved to succeed its standard compressor business to Kobelco Compressors Corporation, a Kobe Steel's wholly owned subsidiary"

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