Amada delays H&F subsidiary acquisition to May 1

Amada (TSE: 6113) announced a delay in the acquisition of H&F Co., Ltd. and a related business transfer, initially announced on January 24, 2025. The completion date is now expected to be May 1, 2025, instead of the previously scheduled April 1, 2025. The delay is attributed to an extended review period by domestic antitrust authorities. The acquisition will make H&F a consolidated subsidiary of Amada, alongside its subsidiaries and affiliated companies. All other terms of the acquisition, including the number of shares to be transferred and the acquisition price, remain unchanged. The deal is still subject to regulatory approvals.