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MHI to Conclude Absorption-type Company Split Agreement on Transfer of Engine & Turbocharger Business to Wholly Owned Subsidiary
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Tokyo, May 17, 2016 - As announced on February 4, Mitsubishi Heavy Industries, Ltd. (MHI) will transfer its engine & turbocharger business to Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET), a wholly owned subsidiary. Today, MHI took the formal decision to conclude an absorption-type company split agreement with MHIET enabling the business transfer, and so the attached announcement is made. As the company split involves the transfer of operations to a subsidiary, some disclosure items and details have been omitted from the information provided.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.