Infroneer to Acquire Sumitomo Mitsui Construction
Tokyo, May 15 (Jiji Press)--Infroneer Holdings Inc., the parent of Japanese construction firm Maeda Corp., said Wednesday that it will acquire Sumitomo Mitsui Construction Co. for about 94 billion yen.
The acquisition is designed to help Infroneer and Sumitomo Mitsui Construction strengthen their finances as the Japanese construction industry struggles with labor shortages and higher materials costs.
(2025/05/15-10:10)
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