DMG Mori Co., Ltd. acquired additional 11.29% stake in DMG MORI AKTIENGESELLSCHAFT.
February 11, 2021
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DMG Mori Co., Ltd. (TSE:6141) acquired additional 11.29% stake in DMG MORI AKTIENGESELLSCHAFT (XTRA:GIL) in 2020. DMG Mori Co., Ltd. purchased 8.9 million shares of DMG MORI AKTIENGESELLSCHAFT (XTRA:GIL). Post the transaction, DMG Mori Co., Ltd.'s shareholding increased to 87.4% stake in DMG MORI AKTIENGESELLSCHAFT.
DMG Mori Co., Ltd. (TSE:6141) completed the acquisition of additional 11.29% stake in DMG MORI AKTIENGESELLSCHAFT (XTRA:GIL) in 2020.
DMG MORI CO., LTD. is a Japan-based company mainly engaged in the provision of total solutions that include machine tools, software, measuring instruments, service support, applications and engineering. The Company operates in two segments. The Machine Tool segment is engaged in the manufacture and sale of machine tools such as machining centers, turning centers, compound processing equipment and 5-axis processing equipment. The Industrial Services segment is engaged in the provision of related services for machine tools, the manufacture and sale of measurement equipment, as well as the development and sale of software such as user interfaces, technology cycles and embedded software, and hardware such as image processing products.