Accelerating European Expansion of Electronic Chemicals Through the Acquisition of ELS
First written in FY2018-Q2. 5 of 6 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2021.
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- FY2021AdvancedAnnual report
「In the electronic chemicals business, progress is being made in the production of solder-paste-related products in Europe, where automotive-related companies are concentrated, and in obtaining customer certification for the new plant in Thailand.」
Progress was made in solder-paste production in Europe and in obtaining customer certification for the new plant in Thailand, advancing the operation of an integrated development, production and sales structure. - FY2020AdvancedAnnual report
「In the automotive-related market, which is also expected to grow, the Company newly began producing solder-paste-related products in Europe, where automotive-related companies are concentrated. By establishing an integrated development, production and sales structure in Europe, the Company will promote sales expansion of high-value-added assembly materials, primarily to non-Japanese automotive customers.」
Following the acquisition of ELS, the European expansion advanced to the phase of starting solder-paste production and establishing an integrated development, production and sales structure. - FY2019-Q1AdvancedAnnual report
「On 25 June 2018, TAMURA ELSOLD GmbH absorbed and merged Elsold Verwaltung GmbH, which had been a wholly owned subsidiary.」
Following the acquisition of ELS, the European business advanced to the integration phase, including the absorption merger of the wholly owned subsidiary and the streamlining of the scope of consolidation. - FY2018AdvancedAnnual report
「The Company established a new site in Germany, where automotive-related companies are concentrated, and is working to establish an integrated development, production and sales structure for electronic chemicals in Europe.」
Following the acquisition of ELS, the business moved into the phase of establishing an integrated development, production and sales structure for electronic chemicals in Europe by using the German site. - FY2018-Q3AdvancedAnnual report
「During the consolidated third quarter, TAMURA DEUTSCHLAND GmbH, Elsold GmbH & Co. KG, Elsold Verwaltung GmbH and ESE INDUSTRIES (THAI) CO., LTD. became subsidiaries through the acquisition of equity interests and shares and were therefore included in the scope of consolidation.」
Following the acquisition of ELS, the company and its affiliates were added to the scope of consolidation, and the business moved into the post-acquisition consolidation and operating phase for the expansion of electronic chemicals in Europe. - FY2018-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 28 September 2017, the Company resolved to acquire a 100% equity interest in Elsold GmbH & Co. KG and make it a subsidiary through TAMURA DEUTSCHLAND GmbH, a German holding company. Based on this resolution, the Company entered into an equity interest purchase and sale agreement on 5 October 2017 and acquired the interest on 31 October 2017.」
The acquisition of a 100% interest in ELS, a German solder-products company, was completed. The Company also indicated its policy of accelerating the European expansion of Tamura's electronic chemicals business by using ELS's European sales network and manufacturing sites.