The Finnish manufacturer of lifting equipment and Konecranes has announced its entry into Japan with the acquisition of 70% of the share capital of Mitsubishi Electric FA Industrial Products (MFK) of the group Mitsubishi Electric Corporation, a company specializing in production, marketing and maintenance of rope hoists and in the production of gearmotors. The remaining 30% of the capital will remain in the hands of Mitsubishi Electric. The value of the acquisition, which is expected to be completed As of early 2027, it was not disclosed.

MFK, which has about 400 employees and is headquartered in Fukuoka, is was founded in 1944 and in recent years has recorded a turnover of approximately 90 million euros per year generated mainly from sales in Japan and the remaining share from sales in other Asian countries.