Kawasaki Heavy Industries,Ltd. [5715.T]
TOKYO, Apr 01 (Pulse News Wire) – Kawasaki Heavy Industries,ltd. (5715.T) completed its acquisition of shares in Earth Technica Co., Ltd., marking the integration of Earth Technica as a subsidiary.
As part of the deal, Kawasaki Heavy acquired 15,480 shares of Earth Technica, representing approximately 50.16% of voting rights, for a total consideration of ¥7.020 billion. This move aligns with Kawasaki Heavy's strategy to enhance its industrial machinery division, particularly focusing on the crushing equipment sector. The company plans to optimize operations, technology, production capabilities, and human resources within Earth Technica to drive sustainable growth through overseas expansion and synergy creation. Additionally, the allocation of management resources towards growing environmental recycling sectors aims to better meet customer demands.
In related developments, Fushimi Kogyo Co., Ltd. intends to acquire the remaining shares of Earth Technica totaling 10,320 shares, equivalent to 34.84% of voting rights, on April 1, 2027, at a price of ¥4.680 billion. Furthermore, Earth Technica’s new board structure includes representatives from both companies. Notably, Nishimura Masahiko, an executive director from Fushimi Kogyo, will serve as the president of Earth Technica, alongside several other executives appointed to various roles within the organization.
🟢 Confidence: High AI-translated content.