Add-on Acquisition • Machinery

Kito Acquires Armsel MHE Pvt.

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

Acquisition Context

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

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M&A Deal Summary
Date	October 1, 2010
Target	Armsel MHE Pvt.
Sector	Machinery
Buyer(s)	Kito
Deal Type	Add-on Acquisition

Target Company

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 Overview 1

Buyer

Kito

Shinjuku-Ku, Japan

Category	Company
Founded	1932
Sector	Machinery
Employees	2,262
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 Context for Buyer	#
Overall	1 of 1
Sector: Machinery	1 of 1
Type: Add-on Acquisition	1 of 1
Country: India	1 of 1
Year: 2010	1 of 1

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Machinery M&A - Add-on Acquisition M&A Deals - India M&A - 2010 M&A