Expansion of the product lineup and customer base through the acquisition of 4 companies under TSUZUKI DENKI CO.,LTD.
First written in FY2024-Q2. 1 of 2 entries say "Achieved", first in FY2024-Q3. Latest entry: FY2024-Q3.
0 other companies' latest entry also says "Achieved".
- FY2024-Q3AchievedAnnual report
「Under the agreement, the Company acquired all shares of the target company on 9 January 2024, the date of completion of the share transfer, and made it a consolidated subsidiary on the same date.」
The acquisition of all shares of the 4 companies under TSUZUKI DENKI CO.,LTD. and their consolidation as subsidiaries were completed on 9 January 2024. The acquisition price was ¥12,970 million. - FY2024-Q2First statedAnnual report
「At a meeting of the board of directors held on 29 September 2023, we resolved to acquire the shares of 4 companies under TSUZUKI DENKI CO.,LTD.—都築エンベデッドソリューションズ株式会社, 都築電産貿易(上海)有限公司, 都築電産香港有限公司 and TSUZUKI DENSAN SINGAPORE PTE.LTD. (collectively, the “Target Companies”)—and make them wholly owned subsidiaries. On the same date, we entered into a share transfer agreement with TSUZUKI DENKI CO.,LTD. We plan to acquire all shares of the Target Companies, with 9 January 2024 as the scheduled share transfer completion date. The acquisition price is expected to be ¥12,970 million.」
An agreement was signed to acquire all shares of the 4 companies on 9 January 2024, with an acquisition price of ¥12,970 million. The initiative aims to incorporate customers and products related to FA, industrial machinery, automotive applications, decarbonisation and energy efficiency, as well as sales bases in Asia, with the goals of complementing the product lineup, cross-selling, supplementing technical capabilities and creating group synergies.