M&A Deal Summary

Crosby Group Acquires Kito

On September 22, 2022, Crosby Group acquired machinery company Kito

Acquisition Highlights
  • This is Crosby Group’s 1st transaction in the Machinery sector.
  • This is Crosby Group’s 1st transaction in Japan.

M&A Deal Summary

Date 2022-09-22
Target Kito
Sector Machinery
Buyer(s) Crosby Group
Deal Type Add-on Acquisition
Advisor(s) Nomura Investment Bank (Financial)
Nishimura & Asahi (Legal)

Target

Kito

Shinjuku-Ku, Japan
Kito is a manufacturer of hoists and cranes, as well as other material handling equipment and system solutions. KITO was founded in 1932 and is based in Shinjuku-Ku, Japan.

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Buyer(S) 1

Buyer

Crosby Group

Tulsa, Oklahoma, United States

Category Company
Founded 1885
Sector Machinery
Employees1,300
DESCRIPTION

Crosby Group is a global provider of highly engineered solutions for lifting and rigging applications across the oil and gas, construction, mining, and industrial sectors. Crosby Group was founded in 1885 and is headquartered in Tulsa, Oklahoma.


DEAL STATS #
Overall 2 of 2
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Japan) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-22 Gunnebo Industries AB

Vasteras, Sweden

Gunnebo Industries AB engages in innovating, developing, manufacturing and selling products for material handling and other related applications. Gunnebo Industries AB supplies products such as blocks, sheaves, components for chain and wire rope slings, shackles, and chain, produced in Sweden, Norway and the USA. Gunnebo Industries has 9 sales offices covering every continent, as well as partners and distributors in an additional 50 countries, making its products available no matter where in the world they are needed. The quality of the products and expertise ensures safe and efficient operation, every time during all circumstances.

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