PE firm KKR in talks to buy Hitachi's power tools unit

PE firm KKR in talks to buy Hitachi's power tools unit

Photo: REUTERS/Toru Hanai

KKR & Co is in talks to buy Japanese conglomerate Hitachi Ltd’s power tools unit Hitachi Koki Co, a person with direct knowledge of the matter said, in a deal that could be worth over $1.3 billion.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter