Kawasaki Heavy Industries, Ltd.
Notice of Completion of Partial Share Acquisition of Earth Technica Co., Ltd.
Furukawa Co., Ltd. acquired 15,480 shares, equivalent to 60% of the issued shares of Earth Technica Co., Ltd., for 7,020 million yen, completing the consolidation as a subsidiary. The remaining 40% is scheduled to be acquired on April 1, 2027.
Key Figures
- Number of shares acquired: 15,480 shares (60.0% voting rights ownership)
- Acquisition price: 7,020 million yen
- Remaining shares scheduled for acquisition: 10,320 shares (40.0%), 4,680 million yen (scheduled for April 1, 2027)
AI要約
Overview of M&A
Furukawa Co., Ltd. has acquired 15,480 shares, equivalent to 60% of the issued shares of Earth Technica Co., Ltd., for 7,020 million yen, completing its consolidation as a subsidiary. This initiates the consideration to integrate the industrial machinery division's crusher business into Earth Technica, aiming to enhance cost competitiveness and expand overseas operations through optimization of sales, technical, production systems, and human resources. Furthermore, we aim for sustainable growth by allocating management resources to the environmental recycling sector.
Future Outlook and Organizational Structure
The remaining 40% shares are scheduled to be acquired for 4,680 million yen on April 1, 2027. Any impacts on performance will be promptly disclosed as soon as relevant information becomes available. The new executive structure of Earth Technica has also been announced, with directors and auditors from Furukawa Co., Ltd. and Kawasaki Heavy Industries appointed, establishing a management system following the consolidation as a subsidiary.
