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Sumitomo Heavy Industries tendered an offer to purchase Hansen Industrial Transmissions NV

October 14, 2010



Sumitomo Heavy Industries tenders an offer for purchase of Hansen Industrial Transmissions NV


This is to notify that Sumitomo Heavy Industries, Ltd. (hereinafter referred to as "Sumitomo HI" or the "Group") has submitted an offer to Hansen Transmissions International (hereinafter referred to as "Hansen Transmissions") to acquire the shares of Hansen Industrial Transmissions NV (hereinafter referred to as "HIT"), a manufacturer and distributor of industrial gear boxes based in Belgium.  In addition, Sumitomo HI has entered an exclusive discussion period with Hansen Transmissions in regards to the potential acquisition.  If successful, HIT will become a wholly-owned subsidiary of Sumitomo HI.


For more details, please read the attached file.
Attachment

Sumitomo Machinery Corporation of America (SMA) and SM-Cyclo of Canada Ltd. (SMC) are subsidiaries of Sumitomo Heavy Industries (SHI), one of the largest manufacturers of machinery in Japan, and the global leader in power transmission products.


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