Product category:
Tooling and tools
News Release from: Makita UK
Edited by the Engineeringtalk Editorial
Team on 27 March 2007
Power tool company attempts acquisition
Japanese power tool giant, Makita Corporation, has made a tender offer to acquire Fuji Robin Industries.
Japanese power tool giant, Makita has made a tender offer to acquire Fuji Robin Industries with a view to making Fuji Robin a wholly-owned subsidiary of Makita Corporation This offer has been accepted by the majority shareholder: Fuji Heavy Industries
This article was originally published on Engineeringtalk on 1 Aug 2006 at 8.00am (UK)
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As part of Makita's long-term strategy of maintaining the company's leading share as a global supplier of professional power tools for construction, engineering, maintenance and outdoor power tools for the gardening and horticulture industries, great emphasis is being placed on growth by acquisition in these business sectors.
With the successful acquisition of Fuji Robin, Makita will strengthen its position in the power gardening market which has shown substantial growth for Makita since its entry into the industry in 1991.
"Fuji Robin has technical expertise that surpasses that of any other competitor", comments Mark Earles, Sales Manager for Outdoor Powered Equipment at Makita (UK).
Since the importance of greater control on exhaust emissions, which are thought to have a contributory impact on global warming, and the promotion of energy saving systems, Makita is eager to encompass Fuji Robin's product capabilities, including mini four-stroke engines, within their impressive outdoor power equipment portfolio.
Both companies have worked together on engine-powered products for some time.
Fuji Robin's high technical capability together with Makita's market-oriented product development strategy and its global network of distribution and after-sales service will strengthen Makita's garden machinery business and contribute to heightening long-term corporate value.
Makita already holds over 10% of all issued common shares of Fuji Robin with the aim to acquire all the issued and outstanding shares.
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