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  5. Kito Acquires Armsel MHE Pvt.

M&A Deal Summary

Kito Acquires Armsel MHE Pvt.

On October 1, 2010, Kito acquired machinery company Armsel MHE Pvt.

Acquisition Highlights
  • This is Kito’s 1st transaction in the Machinery sector.
  • This is Kito’s 1st transaction in India.

M&A Deal Summary
Date 2010-10-01
Target Armsel MHE Pvt.
Sector Machinery
Buyer(s) Kito
Deal Type Add-on Acquisition

Target

Armsel MHE Pvt.

Bengaluru, India
Armsel has the strength to provide its high-value-added crane products to its growing customer base, which mainly consists of industries from the steelmaking, oil & gas, infrastructure (including power).

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Buyer(S) 1

Buyer

Kito

Shinjuku-Ku, Japan
Category Company
Founded 1932
Sector Machinery
Employees2,262
Revenue 62.5B JPY (2022)
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2010 M&A 1 of 1
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