DMG Mori Co., Ltd. (TSE:6141) entered into a contract to acquire KURAKI Co., Ltd. from Kurabo Industries Ltd. (TSE:3106) for ¥4.5 billion on September 6, 2023. As per the transaction, DMG Mori Co., Ltd. will acquire 15.9 million shares of KURAKI Co., Ltd. As of March 20, 2023, KURAKI Co., Ltd. generated sales of ¥6 billion and operating profit of ¥2 billion. The transaction is expected to close on October 31, 2023.

As on October 25, 2023, the transaction is expected to complete by December 31, 2023.