Sumitomo Heavy Industries acquires Hitachi's 34% stake in HSC Cranes

Sumitomo Heavy Industries has concluded its agreement to acquire Hitachi Construction Machinery's 34 percent stake in Sumitomo Heavy Industries Construction Cranes/HSC, making it a wholly owned subsidiary. The deal was originally agreed at the end of November 2022.

“This further reinforces Sumitomo Heavy Industries’ long term commitment and investment in the mobile crane business.”vertikal.net

• 1 source
• vertikal.netSumitomo acquires Hitachi stake in HSC | Vertikal.netJan 17, 2023

Summarized from public sources; check the original articles before acting on it.