KKR to buy Hitachi Power tool unit in $1.3 billion deal

U.S. private-equity fund KKR & Co. said Friday it has agreed to buy Hitachi Ltd.’s power-tools unit in a deal worth about 147.1 billion yen ($1.3 billion), in another high-profile deal by the New York firm following its acquisition of Japanese auto-parts maker Calsonic Kansei in November.