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Announced

Completed

Hitachi Construction Machinery and Kiesel completed the formation of Kenki Technology Group.

Synopsis

Construction machines manufacturer Hitachi Construction Machinery and Kiesel completed the formation of Kenki Technology Group, a joint venture to develop and distribute electric construction machines. Financial terms were not disclosed. “This significant move will expedite the time to market for Hitachi’s advanced zero-emission construction and special application machinery, as well as ICT-supported products. It will also serve to meet the demands of the European market, with a focus on environmental concerns and the challenges faced by Hitachi owners," Hitachi.

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