# IMC International Metalworking Companies to acquire 51% stake in NTK Cutting Tools from NGK Spark Plug

IMC International Metalworking Companies B.V. signed a joint venture agreement to acquire a 51% stake in NTK Cutting Tools Co., Ltd from NGK Spark Plug Co., Ltd. The transaction is expected to close on April 3, 2023.

- Type: Acquisition
- Announced: 2022-10-27
- Status: announced
- Products: cutting tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [NTK Cutting Tools](https://endata.com/companies/15014.md) (target)
- [IMC International Metalworking Companies](https://endata.com/companies/17524.md) (acquirer)
- [NGK Spark Plug](https://endata.com/companies/25198.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/NITERRA-CO-LTD-6491543/news/IMC-International-Metalworking-Companies-B-V-signed-a-Joint-venture-agreement-to-acquire-51-stake-42205470/), 2022-10-27: "IMC International Metalworking Companies B.V. signed a Joint venture agreement to acquire 51% stake in NTK Cutting Tools Co., Ltd from NGK Spark Plug Co., Ltd."

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