Strengthening the HDD suspension business through the acquisition of HTI
First written in FY2016. 1 of 2 entries say "Achieved", first in FY2017-Q3. Latest entry: FY2017-Q3.
No other company in this theme has enough history to compare yet.
- FY2017-Q3AchievedAnnual report
「On 5 October 2016 (the “Acquisition Date”), in accordance with the terms of the acquisition agreement executed on 1 November 2015, our group acquired 33,942 thousand shares, representing 100% of the issued shares, for a cash consideration of ¥14,262 million. As a result, HTI and its subsidiaries became consolidated subsidiaries of our company.」
The planned acquisition of 100% of HTI was completed on 5 October 2016, and HTI became a consolidated subsidiary. - FY2016First statedAnnual report
「On 1 November 2015, the Company entered into a definitive agreement to acquire HTI, a manufacturer of suspensions for HDD heads. The Company will acquire 100% of HTI's shares through its U.S. subsidiary and make HTI a subsidiary. The acquisition is expected to be completed after approval by HTI's shareholders and permission from the relevant authorities.」
The Company plans to acquire 100% of the shares and expects to complete the acquisition after shareholder approval and regulatory clearance.