KKR-backed US rigging company Crosby to launch $438m offer for Japan's Kito

KKR-backed US rigging company Crosby to launch $438m offer for Japan's Kito

Photo by jun rong loo on Unsplash

KKR-backed Crosby Group, a US lifting and rigging company, will launch a tender offer for all of Japanese hoists and cranes maker Kito Corp for 56.48 billion yen ($438 million), the companies said on Monday.