U.S. private equity firm KKR & Co LP (KKR.N) said on Friday it has agreed to buy Hitachi Ltd’s (6501.T) power tools unit, Hitachi Koki Co Ltd (6581.T), for about $1.3 billion, its second billion-dollar deal in Japan in three months.

KKR will pay 1,450 yen for Hitachi Koki’s stock, bringing the total deal size at 147.1 billion yen ($1.28 billion).

Hitachi Koki shares closed at 1,508 yen on Friday on the Tokyo Stock Exchange, valuing the company at 186 billion yen.

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