THK Co., Ltd. agreed to acquire NIPPON BEARING KIRYU CO., LTD. from Nippon Bearing Co., Ltd.
May 24, 2024
Share
THK Co., Ltd. (TSE:6481) agreed to acquire NIPPON BEARING KIRYU CO., LTD. from Nippon Bearing Co., Ltd. on May 24, 2024. NIPPON BEARING KIRYU is planned to be renamed THK KIRYU CO., LTD. after the acquisition of shares. The transaction is expected to close on May 31, 2024.
THK CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of components for industrial equipment and transportation vehicles. The Company operates in five regional segments. The industrial equipment related business is engaged in the manufacture and sale of equipment components such as linear motion (LM) systems, as well as industrial equipment. The transportation vehicles related business is engaged in the development, design, manufacture and sale of steering parts, suspension parts and brake parts for automobile and two-wheel vehicles. The Company operates in Japan, the Americas, Europe, China, Taiwan, Singapore and Korea.
THK CO., LTD. 
