Murata Machinery, Ltd. (hereinafter, Muratec) has acquired all issued shares of Horibe Machinery Co., Ltd. (hereinafter, Horibe Machinery), a leading manufacturer of machine tools. Horibe Machinery and its subsidiaries are now 100% owned subsidiaries of Muratec.

With technical expertise and knowledge developed through its 80-year-history, Horibe Machinery provides a wide range of machine tools that are customized to satisfy the various needs of its customers. Horibe Machinery has built a strong reputation in an industry focused on machine tools developed for automotive parts production, while demonstrating a wealth of delivery records to leading automotive related companies.

From this acquisition, Muratec and Horibe Machinery can strengthen its core competencies, thereby becoming able to provide unique production systems that can fulfill the needs of its customers for further enhancement of productivity.

[Company Profile of Horibe Machinery]

Company name: Horibe Machinery Co., Ltd.

President: Kengo Horibe

Headquarters: Nagoya, Aichi

Established: 1938

Capital: 50 million Japanese yen

Employees: 90 (as of October 2018)

Sales: 2,284 million Japanese yen (as of November 2017)

Subsidiaries: Horibe U.S.A., Inc. and others

Website: http://www.horibe-net.com