Chicago Pneumatic Buys Japanese Tool Manufacturer

Chicago Pneumatic Vehicle Service Division recently acquired Tokyo based KTS Co. Ltd., a leading Japanese maker of handheld air tools for the vehicle service market. The agreement, which was signed in December 2007, further strengthens the presence of CPVS, and its range of tools and associated products to the automotive aftermarket sector, in Japan and Asia.

KTS’ product range includes Power Magnum branded tools as well as air tools sold under other OEM brands. KTS serves the second largest automobile market in the world, providing Chicago Pneumatic with a brand, sales force and manufacturing arm which will facilitate fast growth in Japan and throughout Asia.

Paul Humphreys, Chicago Pneumatic global communication manager, says: “Japan has the second largest car park in the world and the acquisition of KTS will help our fast growth in the country as well as in Asia.” He concludes, “with the synergies we can achieve on this acquisition and by working closely together, we are able to offer the Japanese vehicle service market a much more comprehensive range of products and solutions.”