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| Komatsu to restructure the industrial machinery business Komatsu Ltd. announces that the Board of Directors, at the Board meeting held on November 16, 2010, approved the merger of Komatsu NTC Ltd. and Komatsu Machinery Corporation effective April 1, 2011. The Board of Directors also made a resolution concerning the merger of Komatsu Engineering Corp., a wholly owned subsidiary of Komatsu, with Komatsu in the form of simplified absorption-type merger to be effective April 1, 2011. Komatsu Engineering also belongs to the Industrial Machinery and Others segment. Komatsu is going to restructure the industrial machinery business in order to ensure its sustainable growth as a core business of the Komatsu Group. Specifically, Komatsu NTC and Komatsu Machinery, both engaging in the machine tools business, are going to merge, and Komatsu is going to absorb Komatsu Engineering. As these mergers are going to take place between two wholly owned subsidiaries of Komatsu and Komatsu and a wholly owned subsidiary in the form of simplified absorption, certain matters and descriptions are omitted from the disclosure below. write your comments about the article :: © 2010 Construction News :: home page |