Global Expansion of the Cutting Business through the Acquisition and Consolidation of Marvel as a Subsidiary
First written in FY2019-Q2. 5 of 7 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2025-H1.
4 other companies' latest entry also says "Other".
- FY2025-H1Japan remains firm; European automotive demand remains weakAnnual report
「In Japan, band saws for cutting steel materials remained firm, supported by demand to renew infrastructure. Overseas, automotive-related demand remained weak, particularly in Europe, and sales struggled to grow.」
In the cutting and grinding machine segment, domestic infrastructure renewal demand supported band saws for cutting steel materials, while European automotive-related demand remained weak. - FY2024-Q2AdvancedAnnual report
「In Japan, sales of cutting machines increased, particularly for construction-related applications, industrial and specialty machinery and equipment, and specialty vehicles, as supply constraints eased. In Europe and the United States, sales of band saws and carbide blades increased to primary materials processing industries.」
In the cutting business, domestic cutting-machine sales increased as supply constraints eased, while sales of band saws and carbide blades increased in Europe and the United States. - FY2020-Q2AdvancedAnnual report
「In the cutting segment, domestic sales of structural-steel processing machines continued to expand, while the performance of Amada Marvel, a US cutting-machine manufacturer made a subsidiary in the previous fiscal year, also contributed, resulting in higher revenue.」
Amada Marvel's contribution continued through the cumulative second quarter, contributing to higher cutting segment revenue. - FY2020-Q1AdvancedAnnual report
「In the cutting segment, the performance of Amada Marvel, a US cutting-machine manufacturer made a subsidiary in the previous fiscal year, contributed to higher revenue.」
The consolidation of Amada Marvel contributed to higher cutting segment revenue. Cutting segment revenue was ¥8,398 million, up 7.9% year on year. - FY2019AdvancedAnnual report
「⑤ Acquisition of US cutting-machine manufacturer Marvel Manufacturing Company, Inc., propelling the Company to the leading North American share of band-saw sales」
Following completion of the acquisition of Marvel, the Company reported that it had become the North American leader in band-saw sales and had begun supplying dedicated saw blades from the third quarter. - FY2019-Q3AdvancedAnnual report
「The performance of Amada Marvel, a long-established US cutting-machine manufacturer made a subsidiary in the second quarter, also contributed to higher revenue. The Company aims to further expand sales and create synergies, including by beginning to supply saw blades dedicated to Amada Marvel machines from the third quarter.」
Amada Marvel's performance contributed to higher revenue, and supplies of dedicated blades began in the third quarter. The Company is expanding the cutting business and creating synergies by leveraging the Group's development and sales capabilities. - FY2019-Q2AchievedAnnual report
「On 31 July 2018, the Company acquired all issued shares and equity interests in Marvel Manufacturing Company, Inc. and its subsidiary, Marvel Real Estate Co., LLC, making both wholly owned subsidiaries.」
The Company acquired 100% of Marvel and its subsidiary on 31 July 2018 and made them wholly owned subsidiaries. The acquisition consideration was ¥2,633 million. The Company stated its policy of expanding the cutting business globally by leveraging Marvel's North American sales base and the Group's development and sales capabilities.