By KYOCERA , 2018-03-09 09:41:19
Kyocera Corporation (President: Hideo Tanimoto) on Jan 10 announced that it has acquired 80% of shares in Kyocera Industrial Tools Corporation, an enterprise established from the company split of Ryobi Limited’s (President: Akira Urakami) power tool business under a share transfer agreement as of October 31. Through the acquisition, Kyocera aims to promote diversification and further expansion of its industrial tools business.
Kyocera has continually been expanding sales in its cutting tool business on a global basis as one of the leading companies in the field after having entered the market more than 40 years ago. Kyocera has been focusing its efforts on diversifying and expanding sales of products from its core of indexable tools to solid carbide tools, woodworking tools, as well as power and pneumatic tools for the construction industry.
The Acquisition aims to take advantage of synergies within Kyocera Group companies to expand industrial tools business globally
For more information, read more about how Kyocera acquires Ryobi power tool business here.
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