KKR acquires majority stake in Hitachi Koki

Private equity firm KKR acquired a majority stake in Hitachi Koki, including the power tools division, for approximately $1.3 billion.

“Hitachi sold KKR all of the common stock holdings, which comprise 40.25% of the business, as well as a 10.9% stake previously held by Hitachi Urban Investment, Ltd (HUI).”

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