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Makita Creates Industrial Tools Subsidiary After Panasonic Deal

Panasonic logoPanasonic
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Makita logoMakita
Sig3.12Sen+4.35Env0.00Soc0.00Gov+1.02

Makita launched Makita Industrial Tools Corporation on Sept. 1 after completing its acquisition of Panasonic Electric Works’ power tools business. Panasonic assets, contracts and employees, including manufacturing and sales functions outside Japan, were transferred to Makita subsidiaries. Makita will build on battery and motor tech with Panasonic’s power tools and fastening know-how, aiming to grow into factory fastening and industrial IoT.

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