GILDEMEISTER Aktiengesellschaft has increased its stake in the Japanese machine tool builder, Mori Seiki. The Bielefeld-based group now holds 9.6% of the voting capital of its strategic cooperation partner.
Both companies have agreed within the framework of the Cooperation Agreement in March 2013 among other things to strengthen their cross-shareholding. GILDEMEISTER has therewith increased its share in Mori Seiki from 5.5% to 9.6%.
“We are delighted that GILDEMEISTER has strengthened its position as the major shareholder“, said Dr Masahiko Mori, president of Mori Seiki Co., Ltd.
“The increase of our shareholding in Mori Seiki is intended to fortify our successful strategic cooperation”, Dr Rüdiger Kapitza, chairman of the Executive Board of GILDEMEISTER Aktiengesellschaft underlined.
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