Houlihan Lokey Advises Mitsui E&S Holdings

Houlihan Lokey is pleased to announce that Mitsui E&S Holdings (TSE:7003) has acquired the marine large bore engine business of IHI Power Systems. The transaction closed on April 1, 2023.

Mitsui E&S Holdings provides engineering, construction, and shipbuilding services to its clients globally, including the manufacturing of marine and stationary diesel engines, marine equipment, blowers, process compressors, industrial boilers, process equipment, induction heaters, container cranes, industrial cranes, and container terminal management systems.

IHI Power Systems' marine large bore engine business originates from Diesel United Corporation, which was established in 1988 through the merger of the Diesel Engine division of IHI (formerly Ishikawajima-Harima Heavy Industries) and Sumitomo Heavy Industries, and is located in Aioi City, Hyogo Prefecture, Japan.

Through this transaction, Mitsui E&S Holdings will increase its share of the Japanese marine engine market. In addition, this transaction will enhance its manufacturing capability as the company aims to strengthen its competitiveness in the global market.

Houlihan Lokey served as the exclusive financial advisor to Mitsui E&S Holdings and G-FAS provided the company with financial and tax due diligence services. This transaction exemplifies the continued success of Houlihan Lokey’s dedicated coverage of the industrial sector.