IHI Selling Construction Machinery Business To Japan’s Kato

25 October 2016

IHI Corp. (IHI) announced that it has agreed to transfer all the shares in its wholly‐owned IHI Construction Machinery Limited to Kato Works Co., Ltd. No financial details on the transaction were provided.

IHI Construction Machinery was established in 1952 as Ishikawajima Koehring Co., a joint venture with Koehring of the United States. Over the years, the company has manufactured and sold mini‐excavators, cranes, crawler carriers and other construction machinery in Japan and globally. Established in 1895, Kato Works manufactures mobile cranes and construction and industrial equipment.

The transfer is subject to regulatory approval, with a scheduled transfer date of November 25, Kato said.

Latest News
Mercedes-Benz Trucks delivers eActros 300 units to suppliers
The goal is to electrify all internal logistics at M-B by close of 2026
Video Exclusive - Electrifying Agricultural Machines: The Quiet Revolution
Q&A roundtable with electrification experts in agriculture at Agritechnica
Caterpillar C18 powers maxi-rig directional drill
American Augers DD600’s engine selected to meet evolving jobsite requirements