News
Hitachi Koki Co., Ltd. announced the resolution in the Board of Directors meeting that Hitachi Koki would acquire 100% ownership of Metabo Aktiengesellschaft, headquartered in Nurtingen, Germany. Metabo has an established reputation for high-quality products centered in the European market. Hitachi Koki is aiming to strengthen and expand its power tool business by acquisition of the parent company, Power Tool Invest B.V. (“PTI”), headquartered in Schiphol, the Netherlands, and of all minority shareholders’ interest owned by the founding family and executives & employees of Metabo.
In addition to offering innovative, high-performance, high-quality products and services, Hitachi Koki Group has been considering methods to expand the scale of its businesses with M&A as an important strategy, and continued careful selection of candidates whose synergy could be compatible.
Metabo is a global brand that manufactures power tools with world-class, high-level technologies. Having sales offices in 25 countries, Metabo established a firm position in the market, particularly in Germany and other countries in Europe. Metabo has product advantages such as high-power Li-ion battery mounted products based on its high output cell technology and metal processing products.
While Hitachi Koki has high market share in Japan and a large sales channel through DIY stores and Independent Channel distribution in the US, Hitachi Koki is positioning to further expand its sales in Europe, which Hitachi Koki regards as a prior strategic region. Hitachi Koki is rolling out a series of products developed to pursue miniaturization, weight savings and high efficiencies. Pneumatic tools such as nailers are Hitachi Koki’s advantage in the market as well.
Hitachi Koki and Metabo have mutual strengths in terms of complementing development and sales capabilities and product line-up. Hitachi Koki considers Metabo as the best partner for improvement of its enterprise value.
Hitachi Koki Group aims to quickly achieve its management target of an operating margin of 10% or higher, by expansion of business scale and acceleration of strengthening earning capacity through ensuring those various synergies.
