MHI to Conclude Absorption-type Company Split Agreement on Transfer of Machine Tools Business to Wholly Owned Subsidiary
Tokyo, July 31, 2015 - As announced on May 26, in October Mitsubishi Heavy Industries, Ltd. (MHI) will be transferring its machine tools business to Mitsubishi Heavy Industries Machine Tool Sales Co., Ltd. (MHI-MTS), a wholly owned subsidiary. Today, MHI took the formal decision to conclude an absorption-type company split agreement with MHI-MTS enabling the business transfer as per the attached document.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.