Kobe Steel signs company split transferring standard compressor business to Kobelco Compressors

Kobe Steel concluded an absorption-type company split agreement transferring its standard compressor business to its wholly owned subsidiary Kobelco Compressors, with effect planned for July 1, 2021. A planned capital and business alliance with Miura, creating a joint venture, is still being finalized.

“Kobe Steel, Ltd. announces that it has concluded today an absorption-type company split agreement concerning the absorption-type company split to succeed its standard compressor business”kobelco.co.jp

• 2 sources
• kobelco.co.jpAnnouncement of additional information on company split (simplified absorption-type split) and succession of standard compressor business to wholly owned subsidiary | KOBE STEEL, LTD.May 17, 2021
• kobelco.co.jp会社分割（簡易吸収分割）による当社完全子会社への汎用圧縮機事業の承継に関する追加情報のお知らせ｜KOBELCO 神戸製鋼May 17, 2021

Summarized from public sources; check the original articles before acting on it.