# Itochu to acquire Hitachi Construction Machinery shares from Hitachi, forming capital alliance

Itochu Corporation will acquire ordinary shares of Hitachi Construction Machinery held by Hitachi, Ltd., jointly with Japan Industrial Partners, and has agreed on a capital alliance with Hitachi Construction Machinery.

- Type: Acquisition
- Announced: 2022-01-14
- Where: Japan
- Value: $1.60B
- Status: announced
- Products: construction machinery
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Hitachi](https://endata.com/companies/1325.md)
- [ITOCHU](https://endata.com/companies/1234.md) (acquirer)
- [ITOCHU](https://endata.com/companies/1234.md) (investor)
- [Hitachi](https://endata.com/companies/1325.md) (partner)
- [Hitachi Construction Machinery](https://endata.com/companies/15738.md) (target)
- [Japan Industrial Partners](https://endata.com/companies/22431.md) (acquirer)
- [Japan Industrial Partners](https://endata.com/companies/22431.md) (investor)
- [Japan Industrial Partners](https://endata.com/companies/22431.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/ITOCHU-CORPORATION-6491311/news/Itochu-Announcement-in-Relation-to-Capital-Alliance-with-Hitachi-Construction-Machinery-Co-Ltd-37545058/), 2022-01-14: "ITOCHU Corporation is as of today to obtain the ordinary shares of Hitachi Construction Machinery Co., Ltd. held by Hitachi, Ltd., jointly with Japan Industrial Partners, Inc."
- [constructionbriefing.com](https://www.constructionbriefing.com/news/hitachi-sells-controlling-share-of-construction-equipment-business/8017473.article?zephr_sso_ott=ZpzfPR), 2022-01-14: "Hitachi Construction Machinery is under new controlling ownership following Hitachi’s sale of 26% of its holding - valued at $1.6 billion - to Japanese trading company Itochu and private equity firm Japan International Partners."
- [constructionbriefing.com](https://www.constructionbriefing.com/news/hitachi-sells-controlling-share-of-construction-equipment-business/8017473.article?zephr_sso_ott=Z2YE6g), 2022-01-14: "Hitachi Construction Machinery is under new controlling ownership following Hitachi’s sale of 26% of its holding - valued at $1.6 billion - to Japanese trading company Itochu and private equity firm Japan International Partners."
- [copperbeltkatangamining.com](https://copperbeltkatangamining.com/hitachi-to-sell-half-its-digger-unit-stake-for-1-6-billion/), 2022-01-14: "Hitachi will sell a 26.1% holding in Hitachi Construction Machinery Co. for 3,300 yen a share in June."
- [im-mining.com](https://im-mining.com/2022/01/16/50-50-jv-trading-house-itochu-investment-fund-jip-become-largest-shareholder-hitachi-construction-machinery/), 2022-01-16: "With the support of Japan Industrial Partners and ITOCHU, Hitachi Construction Machinery will contribute to enhancing the value of the Hitachi brand and expanding the Lumada business by accelerating its global growth strategy."
- [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/hitachi-to-sell-half-its-machinery-unit-stake-for-1-6-billion), 2022-01-17: "Hitachi Ltd. will sell about half of its stake in its construction machinery unit to a group including Itochu Corp. for 182.5 billion yen."

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