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Harmonic Drive Systems will invest about JPY6.5bn (USD70 million) at its Ariake plant in Nagano Prefecture to raise strain wave gear output from 150,000 to 220,000 units per month by August 2022.
Harmonic Drive Systems and Innovation Network Corporation of Japan agreed to acquire the remaining 63.2% stake in Harmonic Drive AG, in a 60/40 split, for approximately €260 million. The deal is pending regulatory approval.