# KKR completes acquisition of Kito Corporation, merging with Crosby Group

Lifting Holdings, owned by KKR, completed the acquisition of Kito Corporation's shares. Kito and The Crosby Group will proceed as a combined entity under KKR in a merger of equals.

- Type: Acquisition
- Announced: 2022-11-01
- Where: Japan
- Status: completed
- Products: chain hoists, lever hoists, wire-rope hoists, cranes, lifting equipment
- 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) (partner)
- [Kohlberg Kravis Roberts](https://endata.com/companies/61382.md) (investor)
- [Lifting Holdings](https://endata.com/companies/66350.md) (acquirer)

## Sources

- [hoistmagazine.com](https://www.hoistmagazine.com/news/kito-and-crosby-partnership-deal-confirmed-10141171/), 2022-11-02: "Pairing our highly complementary product portfolios gives our global customer base access to a broad range of lifting and material handling solutions from one trusted source."

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