Kyoeisha
Co., Ltd. (Baroness) has reached an agreement with IHI Corporation to acquire
Shibaura - the turf care machinery business of IHI Agri-Tech Corporation.
Kyoeisha has been looking to
enhance production capacity and expand sales and customer service to meet
future domestic and international demand.
The
acquisition of IHI Agri-Tech Corporation's turf care machinery business aligns
perfectly with these goals.
An established manufacturer of
turf care equipment, IHI Agri-Tech Corporation boasts state-of-the-art
facilities, a skilled workforce and a reputation for high-quality products both
in Japan and overseas. The Shibaura brand is recognised globally for its
leading range of walk behind mowers, 3-gang and 5-gang reel and rotary ride-on
mowers, front mowers and other ride-on implements – such as top dressers and
bunker rakes - for maintenance tasks on the golf
course.
Recognising the strategic fit and
potential for growth, Kyoeisha engaged in extensive discussions with IHI
Corporation. It was formally announced on 25th November 2024 that Kyoeisha had proudly reached an agreement for
its acquisition of the Shibaura brand and portfolio.
This acquisition is expected to
enhance product and service value while supporting the expansion of Kyoeisha's
business. More details will be released in due course.
