Hitachi to Complete TCM Purchase

摘要

Hitachi Construction Machinery will buy out the shares of the loader and forklift maker TCM Corp. through a 1-for-10 share swap by the end of the year. Hitachi already owns 51 percent of TCM. The deal's significance is heightened considering Hita-rnchi's announcement last October that it would take Kawasaki as a joint-venture partner in developing wheel loaders to satisfy EPA Tier 4/EU Stage IIIB diesel emissions requirements. Hitachi retains an option to fully acquire that joint venture in 2012.