KKR strikes second major Japan deal, to buy Hitachi unit for $1.3b

A shopper rides an escalator past a logo of Hitachi Corp at an electronics retail store in Tokyo February 3, 2014. REUTERS/Yuya Shino/Files

U.S. private equity firm KKR & Co LP said on Friday it has agreed to buy Hitachi Ltd’s power tools unit, Hitachi Koki Co Ltd, for about $1.3 billion, its second billion-dollar deal in Japan in three months.

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