European Business
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
European Business
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
European Business
No Result
View All Result
Home < INDUSTRIES Industrial

Sale of Motor Core Manufacturer and Supplier in Federal Republic of Germany

by Alex Weber
December 8, 2021
A A
Share on LinkedinShare on Twitter

On December 6, 2021, Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Masayuki Hyodo) agreed to sell 100 percent of the share of capital in Kienle + Spiess GmbH (Head Office: Sachsenheim, Federal Republic of Germany; CEO: Daisuke Kajikawa, hereinafter ”K+S” ), a manufacturer and supplier of motor core components, to Feintool International Holding AG (Head Office: Lyss, Switzerland; CEO?Knut Zimmer, hereinafter “Feintool”), a leading precision component machining company. Sumitomo Corporation is convinced that this sale is the most suitable decision for further development of K+S.

The sale is scheduled to be completed in 4th quarter of Fiscal Year 2021, when all the legally required authorization procedures have been accomplished.

Sumitomo Corporation has set a goal and has been proactively working to shift its business portfolio under its Medium-Term Management Plan “SHIFT 2023”. Sumitomo Corporation will continue to reinforce and develop its primary revenue streams by leveraging its strengths to complete SHIFT 2023.

Tags: < Invest

Related Industries

Industrial

Wolfspeed and ZF Announce Partnership for Future Silicon Carbide Semiconductor Devices

February 2, 2023
Industrial

ABB E-mobility raises additional CHF325 million from four investors in second and final round of pre-IPO private placement

February 2, 2023
Industrial

Bosch agreed to acquire roughly 12 percent shares in Husqvarna in total

January 28, 2023
Industrial

Siemens and Skyway collaborate to develop infrastructure to pave way for Vertiports

January 27, 2023
Industrial

Leonardo and Safran partner for AW09 single-engine helicopter propulsion system

January 27, 2023
Industrial

Investment in the production of future-proof and sustainable packaging solutions: Voith acquires stake in Swedish start-up Yangi® AB

January 25, 2023

Maersk partners with Cozero to enhance emission visibility for international E-commerce

February 1, 2023

...

Patricia Villoslada appointed Managing Director of SUEZ Smart & Environmental Solutions

January 17, 2023

...

Wolfspeed and ZF Announce Partnership for Future Silicon Carbide Semiconductor Devices

February 2, 2023

...

Henkel highlights pad printing and antenna technologies at LOPEC 2023

January 26, 2023

...

New Head of Public Relations, Media and Communications EMEA and Marketing Replacement Tires Germany at Continental

January 12, 2023

...

Investment in the production of future-proof and sustainable packaging solutions: Voith acquires stake in Swedish start-up Yangi® AB

January 25, 2023

...

Unilever appoints Hein Schumacher as new CEO

January 31, 2023

...

Barclays appoints new co-heads of Investment Banking

January 25, 2023

...

ZF Acquires Intellic to Advance Next Generation Fleet Connectivity for Commercial Vehicles

January 12, 2023

...


Philips and Masimo expand partnership to improve telehealth for patients and clinicians around the world

January 19, 2023

...

Asia Pacific Business Asia Pacific Business Asia Pacific Business

EUROPEAN BUSINESS is a premier source of corporate news, business information and insights across broad spectrum of industries in Europe and worldwide.  We are one of the members of the Business World Network.

RESOURCES

  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

CONTACT US

EDITORIAL:     editor # european-biz.com

PARTNERSHIP:     partnership # european-biz.com

HUMAN RESOURCE:     hr # european-biz.com

* (replace # with @)

  • Official Site

Copyright © EUROPEAN-BIZ.COM All rights reserved.

No Result
View All Result
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

Copyright © EUROPEAN-BIZ.COM All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist