On April 3, 2018, Kito Corporation (KITO) acquired 37.5% of Van Leusden B.V. of the Netherlands via wholly owned subsidiary Kito Europe GmbH. Van Leusden operates mainly in Europe, specializing in customization technology, particularly anti-corrosion treatment of hoists, mainly manually operated models, cranes and crane components for maritime and other offshore uses, and explosion-proof treatment for applications in environments with high risk of fire. Its acquisition will help to support the regional and product strategies of the KITO Group, a global, cross-industry supplier with high market shares in Japan and North America.
Purpose of the acquisition
With 37.5% shareholding of Van Leusden and a stronger relationship, KITO acquires customization technology, including anti-corrosion and spark-proof treatments, expands its line of high value-added products, and enhances the capabilities of KITO products in specialized environments.
By enhancing customized products used in offshore environments and those with high risk of fire, as in petrochemical plants, mines and heavy-industry plants, KITO is working to differentiate itself from competitors as a solution-provider for Europe.
Download: Official press release