# DMG Mori to acquire Kurashiki Kikai for ¥4.5 billion

DMG Mori Seiki announced it will acquire all shares of Kurashiki Kikai from Kuraray for ¥4.5 billion in October 2023. Kurashiki Kikai manufactures CNC horizontal boring and milling machines.

- Type: Acquisition
- Announced: 2023-09-21
- Where: Japan
- Value: $30.3M (4.50B JPY)
- Status: announced
- Products: CNC horizontal boring and milling machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Kuraray](https://endata.com/companies/2973.md) (partner)
- [DMG Mori Seiki](https://endata.com/companies/18443.md) (acquirer)
- [Kurashiki Kikai](https://endata.com/companies/72740.md) (target)

## Sources

- [maonline.jp](https://maonline.jp/articles/nidek_takisawa_dmgmori_202309), 2023-09-20: "DMG森精機が製造していないCNC横中ぐりフライス盤を主力製品とし、国内シェアは約40％という。"

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