A few weeks ago, it was reported that the Japanese multinational Kato Works and the Japanese conglomerate IHI Corporation had signed an agreement for the transfer of all the shares of IHI Construction Machinery (IK) from IHI to Kato. Since 1 January 2017, the Italian-based IK company in San Gimignano, which controls 51% of Ihimer SpA (the remaining 49% is owned by Imer Group SpA), has changed its name to Kato Heavy Industries Construction Machinery (Kato HiCOM) .
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