Deals
New York Subway Train Maker Kawasaki Heavy Seeks U.S. M&A Deals
- Targets 36% increase train sales to 200 billion yen by FY18
- Aiming for 52% jump in operating profit to 14 billion yen
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Kawasaki Heavy Industries Ltd., the Japanese maker of New York City subway trains, is seeking to acquire companies and form alliances in the U.S. amid higher demand overseas for rail transportation.
“We’re interested in the U.S.,” Makoto Ogawara, a managing executive officer at the company told reporters in Tokyo on Wednesday. “We’re looking for companies with synergy, ones that have a strong regional track record.”