Establishing Direct Sales in Italy and Expanding the European Presence through the Acquisition of KARDIA
First written in FY2021-Q3. 2 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2022-Q2.
No other company in this theme has enough history to compare yet.
- FY2022-Q2AdvancedAnnual report
「In overseas markets, market sizes in all regions, which had contracted due to the COVID-19 pandemic, were recovering year on year. In addition, sales increased due to higher market demand, the effects of the acquisitions of KARDIA S.R.L. and Rev1. Engineering, Inc., and the promotion of direct sales in Germany. As a result, performance was very strong, led by PTCA guidewires and penetration catheters in the cardiovascular field.」
The effects of the acquisition, including the establishment of direct sales in Italy through the acquisition of KARDIA, emerged as a factor behind higher overseas sales, and the company’s presence in overseas markets, including Europe, expanded. - FY2021AdvancedAnnual report
「The acquisition of a 70% interest was completed on 1 July 2021. Interest held after the acquisition: 70.00%. Subject to the achievement of certain conditions, the company will acquire the remaining interest in stages as milestone payments through June 2026, reaching 100%.」
Completed the acquisition of a 70% interest in KARDIA on 1 July 2021 and established direct sales in Italy. A phased plan remains to acquire 100% by June 2026. - FY2021-Q3First statedAnnual report
「Following an indication from KARDIA and its shareholders of their intention to transfer their interests, and because this would serve the group’s objective of establishing direct sales in the Italian market, the company entered into a basic agreement to consider acquiring a 70% interest in KARDIA in July 2021 and acquiring 100% in the future, within 5 years.」
The company reached a basic agreement to acquire a 70% interest in KARDIA SRL, its Italian distributor since 1996, in July 2021, with a policy of acquiring 100% within 5 years. Following the acquisition, it plans to establish direct sales in Italy, with direct sales expected to account for approximately 30% of the Europe, Middle East and Africa market.