Kanadevia Corporation entered into a business transfer agreement to acquire All-solid-state Lithium-ion Batteries Business of Suzuki Motor Corporation.
Kanadevia Corporation (TSE:7004) entered into a business transfer agreement to acquire All-solid-state Lithium-ion Batteries Business of Suzuki Motor Corporation (TSE:7269) on March 4, 2026. A cash consideration will be paid by Kanadevia Corporation.
The transaction is subject to the fulfillment of customary closing conditions. The expected completion of the transaction is July 1, 2026.
Kanadevia Corp, formerly Hitachi Zosen Corp, is a Japan-based company mainly engaged in the design, manufacture, installation, sale, repair, maintenance, and operation of environmental equipment and plants, machinery and equipment, and infrastructure facilities. The Company operates through four business segments. The Environmental Business segment engages in the manufacture of various plants, such as waste incineration power generation and recycling facilities. The Machinery and Infrastructure Business segment engages in the manufacture of automobile press machines, boilers, plastic machinery, food machinery, pharmaceutical machinery. The Decarbonization Business segment engages in the manufacture of marine engines, denitrification catalysts, various process equipment such as pressure vessels, nuclear power-related facilities, and wind power generation. The Other Business segment engages in the operation and management of facilities such as dormitories and company housing.
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Kanadevia Corporation entered into a business transfer agreement to acquire All-solid-state Lithium-ion Batteries Business of Suzuki Motor Corporation.
