CITIC Capital acquired Nippon Oil Pump.

CITIC Capital acquired Nippon Oil Pump, one of the leading manufacturers for internal gear pumps, which provides high-quality and high-performance products and solutions across a wide range of end-markets including machine tools, construction vehicles, general machinery, food & beverage dispensing, power infrastructures, and marine & ship equipment, amongst other applications. Financial terms were not disclosed. CITIC Capital will leverage its extensive network and track records throughout China and Asia, its resources, knowledge and business management know-how to support Nippon Oil Pump’s further growth. Especially for the China market, we expect growing demand for NOP’s products driven by the “Made in China 2025” strategy plan.