Ube Machinery has signed an agreement to acquire 85% equity stake in Mitsubishi Heavy Industries Plastic Technology.
The acquisition will allow Ube Machinery to secure Mitsubishi’s worldwide business in injection molding machines.
In addition, the deal includes the transfer of Mitsubishi’s injection molding machine sales bases in the core overseas markets, comprising of North America, China and Thailand.
Mitsubishi said that other overseas sales bases will remain under its oversight.
The companies are also planning to create a sales company to deal with injection molding machines marketed by Ube Machinery and Mitsubishi Heavy Industries Plastic Technology.
Ube Machinery will enhance its sales and servicing capabilities by pooling the respective strengths of the two companies.
The deal will allow the company to expand its product lineup and sales network, reduce production costs and improve development capabilities by integrating the two firms’ technologies.
Founded in 2005, Mitsubishi Heavy Industries Plastic Technology manufactures and markets injection molding machines, auxiliary equipment, dies and parts.
The company also offers engineering, retrofitting, repair, technical guidance and consulting services for all the products.
Established in 1999, Ube Machinery produces and markets die casting machines, injection molding machines, extrusion presses, vertical mills, kilns, furnaces, dryers, storage and transportation systems.
The company also manufactures dust collectors, bridges, floodgates, steel structures, and other industrial machinery.
