The 2020 Mid-Year Economic Update_long

Hitachi Koki Acquires German Power Tool Company

Acquisition of Metabo Aktiengesellschaft expands company's presence in Europe.

Hitachi Koki Co. Ltd. Has agreed to acquire power tool manufacturer Metabo Aktiengesellschaft, Nurtingen, Germany, from its parent company, Power Tool Invest BV (80 percent) as well as employee owners (20 percent). Terms were not disclosed.

The acquisition of Metabo expands Hitachi Koki's presence in Europe, particularly Germany.

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