# 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.

- Type: Acquisition
- Announced: 2023-01-17
- Where: Japan
- Status: completed
- Products: mobile cranes
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sumitomo Heavy Industries](https://endata.com/companies/1271.md) (acquirer)
- [Hitachi Construction Machinery](https://endata.com/companies/15738.md) (target)
- [HSC Cranes](https://endata.com/companies/67912.md) (target)

## Sources

- [vertikal.net](https://vertikal.net/en/news/story/41061/sumitomo-acquires-hitachi-stake-in-hsc), 2023-01-17: "This further reinforces Sumitomo Heavy Industries’ long term commitment and investment in the mobile crane business."

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