Kobe Steel acquires Quintus Technologies

Toyko-based Kobe Steel Ltd. has announced its acquisition of Quintus Technologies AB, a manufacturer of isostatic presses based in Västerås, Sweden. Quintus, which also has a facility in Columbus, Ohio, now is a wholly owned subsidiary of Kobe Steel.

Under its medium-term management plan, Kobe Steel’s Machinery Business aims to increase the profitability of its Industrial Machinery Division, including the isostatic press (IP) business. The acquisition enables Kobe Steel to broaden its lineup of IP products and enter new growth markets.