Japanese tool maker Makita has launched a new subsidiary following its acquisition of Panasonic’s power tool business.
Makita Industrial Tools Corp. officially began operations on Sept. 1, company officials announced. The division, the company said, would combine Makita’s global platform and battery and motor technologies with the assets added from Panasonic Electric Works Co., including power tools, fastening equipment and IoT solutions for factories.
Those operations, including products, services and customer support, would “continue under the existing framework for the time being,” the company said.
Makita officials said that the newly launched business would both strengthen its existing power tool business and broaden its scope into factory-oriented IoT and fastening equipment for factories and construction applications. It would also add manufacturing solutions to its traditional construction and building markets.
“As a trusted partner supporting our customers' production activities and manufacturing operations, we will continue to pursue sustainable growth and the creation of new value,” Makita officials said in the announcement.
