# Crosby Group to acquire KITO CORPORATION

The Crosby Group will commence a cash tender offer to acquire all outstanding shares of KITO CORPORATION for JPY 2,725 per share on September 26, 2022, after securing all regulatory clearances.

- Type: Acquisition
- Announced: 2022-09-22
- Where: Japan
- Status: announced
- Products: lifting and rigging solutions, hoists, cranes
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Kito](https://endata.com/companies/29887.md) (target)
- [Crosby Group](https://endata.com/companies/39458.md) (acquirer)

## Sources

- [heavyliftnews.com](https://www.heavyliftnews.com/crosby-group-and-kito-corporation-move-closer-towards-an-agreed-combination/), 2022-09-22: "The Crosby Group will commence a cash tender offer to acquire all outstanding shares of KITO CORPORATION for JPY 2,725 per share on September 26."
- [mmh.com](https://www.mmh.com/topic/category/news/P2040), 2022-09-22: "Business combination of The Crosby Group and KITO CORPORATION to create a global provider of comprehensive lifting solutions."
- [fabricatingandmetalworking.com](https://fabricatingandmetalworking.com/crosby-group-to-commence-cash-tender-offer-for-outstanding-shares-of-kito/), 2022-10-08: "The receipt of regulatory clearances and commencement of the cash tender offer are key milestones as we work toward the completion of our business combination with Kito 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.