Mitsubishi Electric FA Industrial Products

Konecranes signed an agreement to acquire a 70% stake in Mitsubishi Electric FA Industrial Products (MFK), a Japanese supplier of wire rope hoists and geared motors. The transaction is expected to close in early 2027.

Mitsubishi Electric Corporation agreed to transfer a 70% stake in its subsidiary Mitsubishi Electric FA Industrial Products Corporation to Konecranes Oyj. The transaction is expected to close by March 2027, making the subsidiary a Konecranes subsidiary.

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.

Konecranes will acquire a 70% stake in Mitsubishi Electric FA Industrial Products (MFK) from Mitsubishi Electric Corporation. MFK is a Japanese market leader in wire rope hoists, geared motors, and services, with annual sales of around €90 million and 400 employees.