The company name of DMG Mori Seiki will be changed to 'DMG Mori Seiki'

by:Gewinn     2022-05-18
On March 21, 2013, Mori Seiki, the president of Mori Seiki, the second largest machine tool manufacturer in Japan, said that the company signed a new cooperation agreement with DMG to increase the shareholding ratio of each other. In October this year, the company name was changed to 'DMG Mori Seiki (DMG MORI SEIKI Co., Ltd.)According to the agreement, Mori Seiki plans to increase Demag's shareholding from 20.7% to 24.9% from August to September this year, and Demag's shareholding in Mori Seiki will increase from 5.1% to 24.9%. 10.1%. This move will promote the cooperation between Japan and Europe's large machine tool manufacturers, and promote the process of business integration. According to Mori Masahiko, president of Mori Seiki Co., Ltd., on the same day, the company plans to complete the merger with DMG by 2020. At present, Mori Seiki's revenue is 150 billion yen (2012 estimated value), DMG is 250 billion yen (2012 revenue), and the combined revenue will reach about 400 billion yen, which will become the world's largest Large-scale machine tool manufacturers.
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