# Itochu and Japan International Partners acquire 26% controlling stake in Hitachi Construction Machinery

Hitachi sold 26% of its holding in Hitachi Construction Machinery, valued at US$1.6 billion, to Itochu and Japan International Partners, giving them a controlling share. Hitachi's stake is now 25.4%.

- Type: Acquisition
- Announced: 2022-03-03
- Where: Japan
- Value: $1.60B
- Status: completed
- Products: construction and mining equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [ITOCHU](https://endata.com/companies/1234.md) (acquirer)
- [Hitachi](https://endata.com/companies/1325.md) (partner)
- [Hitachi Construction Machinery](https://endata.com/companies/15738.md) (target)
- [Japan International Partners](https://endata.com/companies/61428.md) (acquirer)

## Sources

- [internationalrentalnews.com](https://www.internationalrentalnews.com/news/hitachideere-joint-venture-officially-dissolved/8018654.article?zephr_sso_ott=jfgvr3), 2022-03-03: "HCM intends to strive to achieve sufficient returns for investors by developing its own b"
- [constructionbriefing.com](https://www.constructionbriefing.com/news/hitachideere-joint-venture-officially-dissolved/8018654.article), 2022-03-03: "HCM intends to strive to achieve sufficient returns for investors by developing its own b"

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