# Crosby Group and KITO complete business combination to form KITO CROSBY

The Crosby Group, a provider of lifting and rigging solutions, and KITO CORPORATION, a manufacturer of material handling equipment, have completed their business combination to form KITO CROSBY.

- Type: Acquisition
- Announced: 2023-01-29
- Where: Japan
- Status: completed
- Products: lifting and rigging solutions, hoists, cranes
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Kito Crosby](https://endata.com/companies/12751.md)
- [Kito Crosby](https://endata.com/companies/12751.md) (partner)
- [Kito](https://endata.com/companies/29887.md) (target)
- [Crosby Group](https://endata.com/companies/39458.md) (acquirer)

## Sources

- [harringtonhoists.com](https://www.harringtonhoists.com/news/transaction-close-and-formation-of-kito-crosby), 2023-01-30: "The Crosby Group, a leading provider of lifting and rigging solutions, and KITO CORPORATION, a leading manufacturer of material handling equipment... today announced the completion of their business combination."
- [industrialsupplymagazine.com](https://industrialsupplymagazine.com/pages/News-013023-Crosby-Group-and-KITO-join-to-form-new-lift,-material-handling-company.php), 2023-01-30: "Our highly complementary product portfolios and mutual commitments to safety, reliability, and innovation will create exceptional value for our customers and other stakeholders."
- [peerlesschain.com](https://peerlesschain.com/news/transaction-close-and-formation-of-kito-crosby), 2023-01-30: "The Crosby Group, a leading provider of lifting and rigging solutions, and KITO CORPORATION, a leading manufacturer of material handling equipment with 90 years of experience in the development and production of hoists and cranes, today announced the completion of their business combination."
- [heavyquipmag.com](https://www.heavyquipmag.com/2023/02/01/the-crosby-group-acquires-kito-corporation-creating-global-provider-of-lifting-solutions/), 2023-02-01: "I am thrilled to announce we have completed the business combination of The Crosby Group and KITO CORPORATION to form Kito Crosby."
- [cranebriefing.com](https://www.cranebriefing.com/news/crosby-group-and-kito-merger-completed/8026520.article?zephr_sso_ott=JHvGqU), 2023-02-07: "I am thrilled to announce we have completed the business combination of The Crosby Group and Kito Corporation to form Kito Crosby, a global provider of comprehensive lifting solutions."

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