Pengbo Medical Technology Co., Ltd. agreed to acquire BNCT Parts of SHI from Sumitomo Heavy Industries, Ltd. for JPY 436 million.
January 16, 2023
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Pengbo (Hainan) Medical Technology Co., Ltd. agreed to acquire BNCT Parts of SHI from Sumitomo Heavy Industries, Ltd. (TSE:6302) for JPY436 million on January 17, 2023. The initial consideration for the sale and purchase of the BNCT Parts shall be JPY 436 million which was arrived at after arm's length negotiations between Pengbo (Hainan) and SHI with reference to the prevailing market price of other comparable equipment. SHI shall make delivery of the BNCT Parts on or before either (i) twenty-eight (28) months from the date of the Sales Contract; or (ii) 31 December 2024, whichever is earlier.
Sumitomo Heavy Industries, Ltd. specializes in the design, manufacturing and marketing of industrial and construction equipment. Net sales break down by family of products as follows:
- construction equipment (29.3%): hydraulic excavators, cranes, road machinery, etc.;
- precision machinery (20.8%): molding machines by injection, electric injection molding machines, medical use cyclotrons, etc.;
- equipment for environment protection (19.8%): energy generators, industrial wastewater processing systems, air pollution control units, etc.;
- machinery components (14.4%): power transmission and control systems (gears, power inverters, geared motors, gearboxes, etc.), motors, mechanical coupling systems, etc.;
- industrial equipment (11%): handling systems, logistic equipment, gas turbines, pumps, etc.;
- ships (4%);
- other (0.7%).
SUMITOMO HEAVY INDUSTRIES, LTD. 
