Sanoyas Holdings (7022) · InitiativeAchieved
Expanding the M&T Business Foundation Through the Acquisition of ハピネスデンキ
First written in FY2020-Q3. 2 of 2 entries say "Achieved", first in FY2020-Q3. Latest entry: FY2021.
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Expanding the business portfolio and operating base through M&A, business acquisitions and alliancesA theme 64 companies write about · 0 as a headwind · 66 as a tailwind
2 other companies' latest entry also says "Achieved".
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- FY2021AchievedAnnual report
「Additional sales from the acquired switchboard manufacturing business contributed to performance.」
Following the acquisition of ハピネスデンキ㈱, switchboard manufacturing sales contributed to the performance of the M&T business. - FY2020-Q3AchievedAnnual report
「Third, on 12 December 2019, the Company resolved to acquire all shares of ハピネスデンキ㈱, a manufacturer of motor control panels, distribution boards and switchboards, and make it a subsidiary. It became a wholly owned subsidiary effective 6 January 2020.」
To expand the platform of the M&T business and strengthen medium- to long-term growth and profitability, all shares of ハピネスデンキ㈱ were acquired, making it a wholly owned subsidiary.