Acquisition of Australian Compressor Business
First written in FY2017-Q2. 2 of 8 entries say "Restated". Latest entry: FY2020-Q3.
0 other companies' latest entry also says "Other".
- FY2020-Q3Challenging conditions persistAnnual report
「Although the company is accelerating the rebuilding of its sales structure for compressor products in Australia, conditions remain challenging.」
The company stated that, while it was accelerating the rebuilding of its sales structure in the Australian compressor business, sales remained challenging. - FY2020-Q2Organizational restructuringAnnual report
「The company is rebuilding its operating structure for its compressor service business in Australia following a change in management.」
For the Australian compressor service business, which had grown since its acquisition, the company is rebuilding its operating structure following a change in management. - FY2018-Q3RestatedAnnual report
「The company continued initiatives to expand its businesses, including growth in its compressor service business in Australia, the consolidation of a company manufacturing and selling screw compressors in China, and the strengthening of its production, sales and service structure in Europe.」
The company stated that its Australian compressor service business continued to grow. - FY2018-Q2AdvancedAnnual report
「Overseas sales increased, driven by growth in the service-focused compressor business in Australia and an expanded range of models sold in Europe.」
The service-focused Australian compressor business acquired in the previous fiscal year expanded and became a driver of overseas sales growth. - FY2018-Q1AdvancedAnnual report
「The Australian compressor sales business acquired from a local company in the previous fiscal year also continued to perform well, mainly in its service operations.」
The Australian compressor business acquired in the previous fiscal year continued to perform well, mainly in its service operations. - FY2017RestatedAnnual report
「To strengthen the Group's management functions, the company acquired a compressor business from a local company in Australia and acquired a German airbrush manufacturer to expand its airbrush business, among other initiatives.」
The acquisition of the Australian compressor business was cited in the annual report as an initiative to strengthen the Group's management functions and businesses. - FY2017-Q3AchievedAnnual report
「This was due to a ¥378 million increase in intangible fixed assets, mainly reflecting an increase in goodwill following the acquisition of the business by the Australian consolidated subsidiary.」
The previously scheduled acquisition of the Australian compressor manufacturing, sales and repair business was completed, resulting in an increase in goodwill. - FY2017-Q2First statedAnnual report
「At a Board of Directors meeting held on 9 September 2016, the company resolved that its Australian consolidated subsidiary, ANEST IWATA Australia Pty.Ltd., would acquire from Broadbent Compressor Services Pty.Ltd. and Broadbent Compressor Services (NSW) Pty.Ltd. the business of manufacturing, selling and repairing compressors. An agreement for the transfer of the business was signed on 3 October 2016. Date of acquisition of the business: during the third quarter of fiscal 2016 (scheduled).」
The company signed an agreement to acquire a compressor manufacturing, sales and repair business to expand its operations in the Australian market, with the acquisition scheduled for the third quarter.