Imabari Shipbuilding Co., Ltd. executed a share transfer agreement to acquire an additional 25% stake in Hitachi Zosen Marine Engine Co., Ltd. from Kanadevia Corporation.
Imabari Shipbuilding Co., Ltd. executed a share transfer agreement to acquire an additional 25% stake in Hitachi Zosen Marine Engine Co., Ltd. from Kanadevia Corporation (TSE:7004) on February 5, 2026. Upon completion, Imabari Shipbuilding Co., Ltd. will own 60% stake in Hitachi Zosen Marine Engine Co., Ltd.
The expected completion of the transaction is March 31, 2026.
Kanadevia Corp, formerly Hitachi Zosen Corp, is a Japan-based company mainly engaged in the design, manufacture, installation, sale, repair, maintenance, and operation of environmental equipment and plants, machinery and equipment, and infrastructure facilities. The Company operates through four business segments. The Environmental Business segment engages in the manufacture of various plants, such as waste incineration power generation and recycling facilities. The Machinery and Infrastructure Business segment engages in the manufacture of automobile press machines, boilers, plastic machinery, food machinery, pharmaceutical machinery. The Decarbonization Business segment engages in the manufacture of marine engines, denitrification catalysts, various process equipment such as pressure vessels, nuclear power-related facilities, and wind power generation. The Other Business segment engages in the operation and management of facilities such as dormitories and company housing.
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Imabari Shipbuilding Co., Ltd. executed a share transfer agreement to acquire an additional 25% stake in Hitachi Zosen Marine Engine Co., Ltd. from Kanadevia Corporation.
