# Sumitomo Heavy Industries acquires remaining 34% of HSC from Hitachi Construction Machinery

Sumitomo Heavy Industries (SHI) acquired the remaining 34% of shares in Sumitomo Heavy Industries Construction Cranes (HSC) from Hitachi Construction Machinery, making HSC a wholly owned subsidiary. The acquisition was effective December 31, 2022.

- Type: Acquisition
- Announced: 2023-03-23
- Where: Japan
- Status: completed
- Products: construction 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)
- [Link-Belt Cranes](https://endata.com/companies/28015.md) (partner)
- [Sumitomo Heavy Industries Construction Cranes](https://endata.com/companies/69283.md) (target)

## Sources

- [lectura.press](https://lectura.press/en/article/notice-regarding-transfer-of-hsc-shares-to-shi/60794), 2023-03-23: "This further reinforces SHI’s 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.