Seiko Epson will invest approximately ¥300 million in クラスターテクノロジー, acquiring a 14.91% stake and becoming its largest shareholder. Payment is due on the 27th, and the funds will be used to expand and renovate a plant to increase production capacity.
Seiko Epson will invest approximately ¥300 million in クラスターテクノロジー, bringing its stake to 14.91% and making it the company’s largest shareholder. The investment will be made through the subscription to a third-party allotment of new shares, with payment due on the 27th.
The investment is expected to further deepen the relationship between Epson and クラスターテクノロジー. The companies plan to use クラスターテクノロジー’s resin technology in the development of components and materials related to Epson’s inkjet printheads.
Epson is pursuing the expansion of inkjet technology into multiple applications. Under its medium-term management plan, the company had outlined plans to invest ¥5 billion in investments in other companies and joint development.