# Miura to acquire 49% of Kobelco Compressors to form joint venture with Kobe Steel

Kobe Steel and Miura Co. signed a basic agreement on March 5, 2021 under which Miura would acquire 49% of Kobelco Compressors after the company split, making it a joint venture.

- Type: Acquisition
- Announced: 2021-03-05
- Where: Japan
- Status: announced
- Products: standard air compressors, steam-driven compressors, boilers
- 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) (target)
- [Miura](https://endata.com/companies/7707.md) (investor)

## Sources

- [kobelco.co.jp](https://www.kobelco.co.jp/english/releases/1207993_15581.html), 2021-03-05: "it is assumed that Miura will acquire 49% of the shares of Kobelco Compressors after the absorption-type company split comes into effect"

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