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ThyssenKrupp Uhde Acquires Otto Corporation in Japan

11/30/2011 - ThyssenKrupp Uhde has acquired Tokyo-based Otto Corp. in support of the company’s drive to expand its market presence in the field of coke plant technologies.

ThyssenKrupp Uhde of Dortmund, Germany, has acquired the Tokyo-based company Otto Corp. The acquisition supports ThyssenKrupp Uhde’s drive to expand its market presence in the field of coke plant technologies.
 
Nihon Otto K. K. of Tokyo was founded in 1952 as a subsidiary of Dr. C. Otto GmbH of Bochum, Germany. From 1991 onwards it became an independent company trading under the name of Otto Corporation.
 
ThyssenKrupp Uhde, an EPC company of world renown in the chemicals sector, said the acquisition was the result of very close business relations developed over many years. Otto Corp., whose process portfolio fits ideally with ThyssenKrupp Uhde’s fields of activity, will in future operate in Japan as a wholly owned subsidiary under the name of ThyssenKrupp Otto. The company said the acquisition will help it to expand its market presence in the Asian region through its acquisition of Otto Corporation.
 
ThyssenKrupp Uhde is a company in the Plant Technology business area of the ThyssenKrupp Group. With a workforce of more than 4800 employees worldwide, the company's activities focus on the engineering and construction of chemical and other industrial plants in a wide range of fields as well as coke plant and high-pressure technologies. The company also provides professional services and comprehensive solutions in all areas of industrial plant operation.