Expansion of the Small Compressor Lineup Through the Acquisition of ANEST IWATA SPARMAX as a Subsidiary
First written in FY2019-Q1. 2 of 4 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2019.
No other company in this theme has enough history to compare yet.
- FY2019AdvancedAnnual report
「ANEST IWATA SPARMAX Co., Ltd., a Taiwanese subsidiary engaged in the manufacture and sale of airbrushes and small compressors for medical applications that became a consolidated subsidiary during the fiscal year, performed well and contributed to growth in the Group.」
SPARMAX, which became a subsidiary in July 2018, performed well in airbrushes and small compressors for medical applications and contributed to Group growth. - FY2019-Q3AdvancedAnnual report
「The results of 上海斯可絡圧縮機有限公司, a Chinese manufacturer and seller of screw compressors consolidated from the current fiscal year, and ANEST IWATA SPARMAX CO., LTD., a Taiwanese subsidiary engaged in the manufacture and sale of small compressors, also made significant contributions.」
The contribution of ANEST IWATA SPARMAX, which became a subsidiary in July 2018, to results for the fiscal year was described as significant. - FY2019-Q2AchievedAnnual report
「(1) Name and business of the acquired company\nName of acquired company: 漢申股份有限公司\nBusiness: Manufacture and sale of air compressors\n(2) Principal reason for the business combination\nTo strengthen the foundation of and grow the small-compressor business\n(3) Date of business combination\n6 July 2018\n(4) Legal form of the business combination\nAcquisition of shares for cash consideration\n(5) Name of the company after the combination\nANEST IWATA SPARMAX CO., LTD.\n(6) Voting rights acquired\n51%」
The acquisition of a Taiwanese company to strengthen and grow the small-compressor business was completed on 6 July 2018, and the company became a subsidiary through the acquisition of 51% of its shares. - FY2019-Q1First statedAnnual report
「In the compressor business, we entered into a share transfer agreement for ANEST IWATA SPARMAX CO., LTD. (formerly 漢申股份有限公司), a business acquired from one of Taiwan's leading compressor manufacturers, in order to expand our lineup of small-output products, which had been lacking.\nAt a meeting of the Board of Directors held on 10 May 2018, we resolved to acquire a majority of the shares of 漢申股份有限公司, a Taiwanese company engaged in the manufacture and sale of compressors. Payment of the purchase price for the shares was completed on 6 July 2018, and the company became a consolidated subsidiary on the same date.\n(3) Date of business combination\n6 July 2018\n(3) Voting rights acquired\n51%」
A share transfer agreement for a Taiwanese company was signed to expand the lineup of small compressors, and the acquisition of 51% of the shares and consolidation as a subsidiary were completed on 6 July 2018.