KATO â€“ THINK GLOBAL, ACT LOCAL
In November 2016, Japanese multinational KATO WORKS CO., LTD. and Japanese conglomerate IHI Corporation Ltd. (IHI) signed an agreement to transfer 100% of the shares of IHI Construction Machinery Ltd., (IK) from IHI to KATO. As of January 2017, IK, which owned 51% of IHIMER S.p.A. based in Italy in San Gimignano (49% is still held by IMER GROUP S.p.A.) has changed its company name to KATO HEAVY INDUSTRIES CONSTRUCTION MACHINERY CO.,LTD. (KATO HICOM). As of February 17 2017, IHIMER S.p.A. has changed its company name to KATO IMER S.p.A.
Japanese colossal KATO WORKS, which produces a broad range of construction machinery and has been active in the industry since 1895, has decided to invest in Europe, believing strongly in the centrality of the market, in collaboration with Italian Imer Group, European leader in the production of machinery for construction and batch plants. In Italy KATO IMER produces mini-excavators with KATO technology, skid-loaders and tracked dumpers; it distributes mini-excavators and large tracked dumpers produced in Japan by KATO HICOM.