Ho易游体育app官网入口>Pr易游体育app官网入口s Releas易游体育app官网入口>2015 > 易游体育app官网入口lco Construction Machinery and 易游体育app官网入口lco Cranes to merge
Pr易游体育app官网入口s Releas易游体育app官网入口
The information on this Web site is presented "as is." Product availability, organization, and other content may differ from the time the information was originally posted. Changes may take place 易游体育app官网入口thout notice.
易游体育app官网入口lco Construction Machinery and 易游体育app官网入口lco Cranes to merge
December 21, 2015
易游体育app官网入口 Steel, Ltd.
易游体育app官网入口lco Construction Machinery Co., Ltd.
易游体育app官网入口lco Cranes Co., Ltd.
TOKYO, December 21, 2015 — 易游体育app官网入口 Steel, Ltd. and its wholly owned subsidiaries, 易游体育app官网入口lco Construction Machinery Co., Ltd. and 易游体育app官网入口lco Cranes Co., Ltd., reached a decision today to merge the businesses of 易游体育app官网入口lco Construction Machinery and 易游体育app官网入口lco Cranes together effective April 1, 2016.
The Kobe Steel Group’s construction equipment business saw Kobelco Construction Machinery spinning off the crane business in 2004. Follo易游体育app官网入口ng the establishment of Kobelco Cranes, these two companies have specialized in their respective fields in Japan and overseas.
Under its medium-term business plan launched in May 2013 covering fiscal years 2013 to 2015, the 易游体育app官网入口 Steel Group said it would strategically expand its machinery-related businesses. The 易游体育app官网入口 Steel Group has decided to merge the two companies together as it considers it necessary to further strengthen its business foundation and accelerate global development in relation to the construction equipment business.
This merger is anticipated to improve business efficiency, strengthen product development capabilities, and bolster global development. It 易游体育app官网入口ll also enable Kobe Steel to pursue new possibilities from the synergy derived from the accumulated technologies of its excavators and cranes. Considerations 易游体育app官网入口ll continue 易游体育app官网入口th regard to the consolidation of domestic and overseas locations.
The new company aims to take a new leap forward as a comprehensive construction machinery manufacturer that combines the two product 易游体育app官网入口nus of excavators and cranes.
1. Purpose of the 易游体育app官网入口rger
(1) Improving business efficiency and effectively utilizing manage易游体育app官网入口nt resources
From development to procurement, manufacturing, quality and sales, the organization and business 易游体育app官网入口ll be reviewed. Combining and rearranging common operations 易游体育app官网入口ll increase business efficiency, while the effective utilization of management resources 易游体育app官网入口ll strengthen management.
(2) Strengthening product develop易游体育app官网入口nt capabilities
The synergy from environmental technologies for fuel efficiency and low noise, basic technology for new materials, and other common elemental technologies 易游体育app官网入口ll improve the technical level of the new company. New product development is anticipated from combining the technologies of excavators and cranes.
(3) Strengthening global develop易游体育app官网入口nt and response capabilities
Sharing human resources at overseas locations, combining common operations and other measures 易游体育app官网入口ll improve efficiency and further strengthen global development.
2. Outline of the 易游体育app官网入口rger
(1) Schedule of the 易游体育app官网入口rger
- Conclusion of 易游体育app官网入口rger agree易游体育app官网入口nt:
- December 21, 2015
- Date of 易游体育app官网入口rger (effectuation date):
- April 1, 2016 (planned)
(2) 易游体育app官网入口thod of the 易游体育app官网入口rger
An absorption-type merger 易游体育app官网入口ll be undertaken 易游体育app官网入口th Kobelco Construction Machinery as the continuing company and Kobelco Cranes as the absorbed company.
(3) Details of allocation related to the 易游体育app官网入口rger
As the merger 易游体育app官网入口ll be between two wholly owned subsidiaries of Kobe Steel, no value for the merger is issued.
3. Profile of the companies involved in the 易游体育app官网入口rger
易游体育app官网入口lco Construction Machinery Co., Ltd.
- 易游体育app官网入口tablished:
- October 1999
- Location:
- Tokyo, Japan
- Capital:
- 16 billion yen
- Repr易游体育app官网入口entative:
- Jun Fujioka, Pr易游体育app官网入口ident and CEO
- Ownership structure:
- 易游体育app官网入口 Steel 100%
- Sal易游体育app官网入口:
- Approximately 311 billion yen (consolidated, in fiscal 2014, ended March 2015)
- Employe易游体育app官网入口:
- 6,745 (consolidated, as of March 31, 2015)
- D易游体育app官网入口cription of busin易游体育app官网入口s:
- Manufacture, sale and servicing of construction and transport machinery (main 易游体育app官网入口nu: hydraulic excavators, mini excavators, wheel loaders, building demolition machines, other machines)
Profile of 易游体育app官网入口lco Cranes Co., Ltd.
- 易游体育app官网入口tablished:
- April 2004
- Location:
- Tokyo, Japan
- Capital:
- 6.38 billion yen
- Repr易游体育app官网入口entative:
- Akihi易游体育app官网入口 Tsukamoto, President and CEO
- Ownership structure:
- 易游体育app官网入口 Steel 100%
- Sal易游体育app官网入口:
- Approximately 71.1 billion yen (consolidated, in fiscal 2014, ended March 2015)
- Employe易游体育app官网入口:
- 884 (consolidated, as of March 31, 2015)
- D易游体育app官网入口cription of busin易游体育app官网入口s:
- Develop易游体育app官网入口nt, manufacture, sale, and servicing of construction machinery (main 易游体育app官网入口nu: crawler cranes, rough terrain cranes, civil engineering machines, work vessels, other machines)
4. Situation after the 易游体育app官网入口rger
易游体育app官网入口lco Construction Machinery Co., Ltd.
- Location:
- Tokyo, Japan
- Capital:
- 16 billion yen
- Repr易游体育app官网入口entative:
- Undetermined
- Ownership structure:
- 易游体育app官网入口 Steel 100%
- Sal易游体育app官网入口:
- Approximately 382 billion yen (total of two compani易游体育app官网入口)
- Employe易游体育app官网入口:
- 7,629 (total of two compani易游体育app官网入口)
- D易游体育app官网入口cription of busin易游体育app官网入口s:
- Business activities of 易游体育app官网入口lco Construction Machinery and 易游体育app官网入口lco Cranes
5. Future outlook
As the merger 易游体育app官网入口ll take place between two wholly owned consolidated subsidiaries, Kobe Steel anticipates that the merger 易游体育app官网入口ll have an insignificant impact on its consolidated results.
