# Komatsu agrees to acquire full ownership of joint venture Komatsu (Changzhou)

Komatsu has agreed to dissolve the joint venture with Changlin and Sumitomo Corporation, making Komatsu (Changzhou) Construction Machinery Co., Ltd. a wholly owned subsidiary. The process will proceed sequentially during fiscal year 2021.

- Type: Acquisition
- Announced: 2022-01-31
- Where: Changzhou, Jiangsu Province, China
- Status: announced
- Products: wheel loaders, hydraulic excavators, construction machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sumitomo Corporation](https://endata.com/companies/6281.md) (partner)
- [Komatsu](https://endata.com/companies/15845.md) (acquirer)
- [Komatsu (Changzhou) Construction Machinery Co., Ltd.](https://endata.com/companies/60682.md) (target)
- [Sinomach Changlin Co., Ltd.](https://endata.com/companies/60683.md) (partner)

## Sources

- [komatsu.jp](https://www.komatsu.jp/ja/newsroom/2022/20220131_2), 2022-01-31: "コマツ及び常林がそれぞれ独自に建設機械事業を推進することに合意し、常林からの出資を解消することといたしました。"

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