Japan's Infroneer to buy Swing for over $564 million, Nikkei reports (updated)

Ebara

13/04/2026 18:33

Updates with further details, background from paragraph 2 onwards

April 13 (Reuters) - Japan's Infroneer Holdings 5076.T has decided to buy domestic waterworks operator Swing in a deal estimated to surpass 90 billion yen ($564.33 million), Nikkei Asia reported on Monday.

The Japanese infrastructure developer will buy all shares of Swing from the company's current owners — Mitsubishi Corp 8058.T, Ebara 6361.T and JGC Holdings 1963.T — that hold three equal stakes, the report said.

Swing makes industrial water and wastewater systems for overseas industrial plants operated by Japan-based companies, among other services, according to their website. They have sites in China, Indonesia, Malaysia and Vietnam.

Infroneer is a holding company that oversees construction firms such as Maeda, according to Nikkei.

Swing did not immediately respond to a Reuters request for comment, while Infroneer could not be reached immediately.

($1 = 159.4800 yen)

 (Reporting by Shivangi Lahiri in Bengaluru; Editing by Sahal Muhammed)

 ((Shivangi.Lahiri@thomsonreuters.com;))