Kobelco Construction Machinery to Reorganize Group Companies in Europe

December 7, 2017
Kobelco Construction Machinery Co., Ltd.

Following the consolidation with Kobelco Cranes Co., Ltd. conducted on April 1 last year, Kobelco Construction Machinery Co., Ltd. (or KCM), headquartered in Tokyo, Japan has been reorganizing and consolidating group companies in both Japan and overseas. KCM will undertake the reorganization and consolidation of overseas group companies in Europe as follows.
With the reorganization of the group companies in Europe, a series of reorganizations and consolidations of group companies, including the Americas, the Middle East and Africa, India, Southeast Asia, and the used construction equipment companies in Japan will be completed.

Reorganization of Group Companies in Europe

KCM will implement a reorganization of the business structure in Europe to streamline the business and enhance the sales and service structure in Europe. After the reorganization, a new company in the Netherlands will serve as European regional headquarters, overseeing the sales and service of hydraulic excavators and cranes in Europe.

Sales and service of hydraulic excavators in Europe are currently carried out by Kobelco Construction Machinery Europe B.V. (or KCME) in the Netherlands. Sales and service of cranes are currently handled by Kobelco Cranes Europe Ltd. (or KCE) in the UK.

In order to accommodate the diverse needs in Europe more swiftly and precisely, KCM plans to establish a business structure in which employees can have a smooth and shared understanding of issues. By unifying the business operations in the region, KCM will develop a strong local sales network through more efficient operations and enhanced sales, dealer, and after-sales service networks in Europe.

Outline of the New Company

Company Name Kobelco Construction Machinery Europe B.V.
Head Office Almere, Netherlands
Representative Makoto Kato (Managing Director)
Stockholder Kobelco Construction Machinery Co., Ltd. 100%
Purpose Sale and service operations of hydraulic excavators and cranes in Europe, Russia (CIS), North Africa (French-speaking regions), and Israel
Date of Consolidation December 31, 2017
Employees 60

References

○News release dated December 21, 2015
“Kobelco Construction Machinery and Kobelco Cranes to merge”
http://www2.kobelco-kenki.co.jp/english/corporateinfo/news/2015/dec21.html

○News release dated December 6, 2016
“Reorganization and Consolidation of Group Companies”
https://www.kobelcocm-global.com/news/2016/161206/index.html

○News release dated March 7, 2017
“Kobelco Construction Machinery to Reorganize and Consolidate Group Companies in Southeast Asia”
https://www.kobelcocm-global.com/news/2017/170307/index.html

○News release dated May 9, 2017
“Reorganization of Used Construction Equipment Companies in Japan and Companies in India”
https://www.kobelcocm-global.com/news/2017/170509/index.html

*The information contained herein is as of the date this announcement was made and it may be changed without a prior notice.