CITIC Capital buys Japan's Nippon Oil Pump from Wendel
CITIC Capital Partners has agreed to acquire Nippon Oil Pump (NOP), a Japan-based maker of hydraulic pumps and motors, from European listed investment firm Wendel for about EUR85 million ($97 million).
Founded in 1919, NOP manufactures industrial products used in machine tools, specialty vehicles, and agricultural and construction machinery. The acquisition makes CITIC Capital NOP's third PE owner....
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