Tungaloy Corporation and NTK Cutting Tools announced that, effective January 1, 2027, NTK Cutting Tools will merge with Tungaloy. The integrated organization will operate under the Tungaloy name while retaining the NTK Cutting Tools brand. Plans include a new headquarters and manufacturing facility in the Nagoya area, Japan.
Comer Industries agreed to acquire a majority of Nabtesco's hydraulic equipment unit through a newco it will hold 70% of, for around EUR 85 million. Closing is expected by the end of Q4 2025, subject to approvals.
Kobe Steel and Miura announced that their capital and business alliance, under which Miura acquires shares of Kobelco Compressors to form a joint venture, will take effect on January 5, 2022, under a signed MOU.
Kobe Steel announced a change in the effective date of its capital and business alliance with Miura, under which Miura acquires Kobelco Compressors shares to form a joint venture.
Kobe Steel and Miura Co. concluded final agreements under which Miura invests in Kobe Steel's subsidiary Kobelco Compressors and Kobe Steel invests in Miura, forming a capital and business alliance in standard air compressors.
Kobe Steel and Miura Co. signed a basic agreement on March 5, 2021 under which Miura would acquire 49% of Kobelco Compressors after the company split, making it a joint venture.
Burckhardt Compression has acquired the global compressor business of The Japan Steel Works (JSW). The deal value was not disclosed in the article.
Yamaha Outdoor Power agreed to acquire Subaru Industrial Power Products, taking over three multi-purpose V-Twin engine models after Fuji Heavy Industries ceases their production. The deal is expected to be completed by October 1, 2017.