IHI (TYO:7013) is transferring its subsidiary, IHI Packaged Boiler, to Takuma, as it looks at reallocating its resources to adapt to rapid market changes, according to its Monday filing with the Tokyo Stock Exchange.
IHI Packaged Boiler has been challenged by the push towards carbon neutrality and competition from decentralized energy solutions, the filing said.
The transfer to Takuma, a boiler industry pioneer, is set for April 1, 2025, and is expected to enhance IHI Packaged Boiler's growth and competitiveness, according to the filing.
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