Iwaki Co., Ltd. completed the acquisition of 60% stake in Iwaki Pumps Co. , ltd. and 50% stake in /Iwaki Pumps Co. , ltd. from On Gear Trading Company Limited.
September 29, 2022
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Iwaki Co., Ltd. (TSE:6237) agreed to acquire 60% stake in Iwaki Pumps Co. , ltd. and 50% stake in /Iwaki Pumps (shanghai) Co. , ltd. from On Gear Trading Company Limited for ¥2.4 billion on August 25, 2022. The acquisition is expected to be settled on September 30, 2022.
Iwaki Co., Ltd. (TSE:6237) completed the acquisition of 60% stake in Iwaki Pumps Co. , ltd. and 50% stake in /Iwaki Pumps (shanghai) Co. , ltd. from On Gear Trading Company Limited on September 30, 2022.
IWAKI CO., LTD. is a Japan-based company mainly engaged in the development, manufacture, purchase and sale of chemical pumps and peripheral equipment such as pump dedicated controllers and others which are used in transportation of liquid chemicals. The Company is also engaged in the maintenance services including repair of products, provision of after services and installation works. Chemical pumps are used for transferring high-purity chemicals in industrial fields including semiconductors and liquid crystals, chemical, electronic components, water treatment, food, medical and solar cells, fuel cells and secondary batteries.The Company distributes its products, including magnet pumps, metering pumps, air-driven pumps, rotating volume pumps, air pumps and system products to various markets such as semiconductor and liquid crystal, medical device, surface treatment equipment, water treatment, chemical, new energy and other markets.
Iwaki Co., Ltd. completed the acquisition of 60% stake in Iwaki Pumps Co. , ltd. and 50% stake in /Iwaki Pumps Co. , ltd. from On Gear Trading Company Limited.
IWAKI CO., LTD. 
