Strengthening the Industrial Coatings Business Through the Acquisition of WEILBURGER
First written in FY2024-Q3. 1 of 2 entries say "Achieved", first in FY2025-H1. Latest entry: FY2025-H1.
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- FY2025-H1AchievedAnnual report
「During the interim consolidated accounting period, Kansai Helios Coatings GmbH, a subsidiary of the Company, acquired the shares of Weilburger Coatings GmbH, Weilburger Asia Ltd. and its 10 affiliated companies and made them subsidiaries, as a result of which these companies were included in the scope of consolidation.」
The planned acquisition and conversion into subsidiaries of the shares of Weilburger and other companies was completed, and they were included in the scope of consolidation from the current interim consolidated accounting period. - FY2024-Q3First statedAnnual report
「Through the acquisition of WEILBURGER, the Group will acquire technologies it currently lacks, including technologies for railway vehicle coatings, which is positioned as a key strategic business, as well as non-stick coatings used for frying pans and irons and heat-resistant coatings used for stoves and fireplaces. By expanding these technologies across the Group, we will substantially strengthen our position in the industrial coatings field.」
Through Kansai Helios Coatings GmbH, 100% of WEILBURGER and other companies will be acquired, with the aim of obtaining technologies for railway vehicle coatings, non-stick coatings, and heat-resistant coatings and strengthening the industrial coatings business. The business combination date is scheduled for 31 March 2024.