# Nippon Piston Ring and Riken plan merger to form NPR-Riken Corporation

Nippon Piston Ring Co., Ltd. and Riken Corporation have signed an MoU to establish a joint holding company, NPR-Riken Corporation, via mutual stock transfer, consolidating the two companies on equal terms.

- Type: Acquisition
- Announced: 2022-08-03
- Where: Tokyo, Japan
- Status: announced
- Products: piston rings, valve seat inserts, camshafts, powder metallurgy components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Nippon Piston Ring](https://endata.com/companies/2201.md)
- [Riken](https://endata.com/companies/3207.md) (target)

## Sources

- [pim-international.com](https://www.pim-international.com/nippon-piston-ring-and-riken-corporation-plan-merger-to-form-npr-riken-corporation/), 2022-08-03: "The MoU has been resolved by the board of directors of the two companies and the trading name of the new joint company will be NPR-Riken Corporation."

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