# DMG MORI to acquire KURAKI for 4.5 billion yen

DMG MORI announced on September 6, 2023, that it will acquire 100% of KURAKI from KURABO INDUSTRIES for 4.5 billion yen, effective end of October 2023. KURAKI specializes in CNC horizontal boring and milling machines.

- Type: Acquisition
- Announced: 2023-09-06
- Where: Nagaoka City, Niigata Prefecture, Japan
- Value: $30.0M (4.50B JPY)
- Status: announced
- Products: CNC horizontal boring and milling machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [DMG MORI](https://endata.com/companies/7538.md) (acquirer)
- [Kurabo Industries](https://endata.com/companies/70757.md) (partner)
- [Kuraki](https://endata.com/companies/70758.md) (target)

## Sources

- [seisanzai-japan.com](https://seisanzai-japan.com/article/p4407/), 2023-09-26: "DMG MORI announced that it is to acquire KURAKI effective at the end of October 2023."

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