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    Economy

    MHMM to Become Sole Owner of Primetals Technologies

    Written by Sandy Williams


    Primetals Technologies, a leading engineering, plant building and lifecycle services partner for the metals industry, will be solely owned by Mitsubishi-Hitachi Metals Machinery by early next year.

    MHMM and Siemens AG, joint owners of Primetals, have agreed that MHMM will acquire Siemens’ 49 percent stake in the company for an undisclosed sum. Closing of the transaction is expected in early 2020 subject to customary regulatory requirements.

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