# Konecranes to acquire 70% majority interest in Mitsubishi Electric FA Industrial Products

Konecranes agreed to acquire a 70% majority interest in Mitsubishi Electric FA Industrial Products (MFK) from Mitsubishi Electric Corporation. The acquisition was announced on July 7, 2026, and will give Konecranes a strong presence in Japan's wire rope hoist market.

- Type: Acquisition
- Announced: 2023-04-03
- Where: Fukuoka, Japan, Japan
- Status: announced
- Products: wire rope hoists, geared motors, hoist parts, hoist maintenance
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Konecranes](https://endata.com/companies/511.md) (acquirer)
- [Mitsubishi Electric](https://endata.com/companies/2378.md) (partner)
- [Mitsubishi Electric FA Industrial Products](https://endata.com/companies/30662.md) (target)

## Sources

- [inderes.se](https://www.inderes.se/en/releases/konecranes-oyj-konecranes-strengthens-its-presence-in-japan-by-entering-into-an-agreement-to-acquire-a-majority-interest-in-mitsubishi-electric-fa-industrial-products), 2023-04-03: "Konecranes is proceeding with its strategic plans to expand its global presence by acquiring a majority 70% interest in Mitsubishi Electric FA Industrial Products."

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