Minebea Co., Ltd. ("Minebea") hereby announces that it has acquired all outstanding shares of Daiichi Seimitsu Sangyo Co., Ltd. ("Daiichi Seimitsu Sangyo") today from NMC 2002L.P., a private equity fund managed by Nippon Mirai Capital Co., Ltd. ("NMC").
1. Purpose of the acquisition
Minebea has established its own "vertically integrated manufacturing system" for most of its main products, which system encompasses from the product design and development and the mold production and maintenance through to the in-house component production and the product assembly. The system has contributed much to Minebea's high level of competitiveness in quality, production capacity and manufacturing costs. Daiichi Seimitsu Sangyo possesses advanced technical capabilities in the design and production of high-precision molds. Its mold technology, centering around small-sized high-precision plastic gears and the short delivery time through the integrated production system in particular, will contribute to further strengthen Minebea's manufacturing system.
The acquisition is part of Minebea's plans to augment horizontally integrated strength (EMS = Electro Mechanics Solutions, new business initiatives for hybrid components). The high precision plastic gears will be attached to Minebea's small-sized motors, which will enhance the product differentiation and high value of the motors through the in-house production of more precise plastic gears.
Minebea's global production support network for the mold design and production will be strengthened and expanded by the addition of Daiichi Seimitsu Sangyo's factories in Tokyo, Japan and Dongguan, Guangdong, China.
Daiichi Seimitsu Sangyo will maintain its current management team and continue to sell molds to its customers outside.
2. Outline of Daiichi Seimitsu Sangyo
(i) Name Daiichi Seimitsu Sangyo Co., Ltd.
(ii) Address 3-28-23 Haginaka, Otaku, Tokyo, Japan
(iii) Representative director Koji Maruyama
(iv) Foundation of the business May 1973
(v) Capital JPY 100 million (as of the end of Mar. 2010)
(vi) Main line of business Design, production and sale of molds for high- precision plastic gears
(vii) Number of employees 38 in Japan and 122 overseas
(viii) Factories Otaku Tokyo Japan, Dongguan, Guangdong, China
(ix) Shareholder Minebea Co., Ltd. (100%)
3. Others
Amount regarding the acquisition shall not be disclosed.
Company Name: Minebea Co., Ltd.
Representative: Yoshihisa Kainuma
Representative Director,
President and Chief Executive Officer
(Code No. 6479, TSE Div. No.1)
Contact: Yasunari Kuwano
General Manager
Corporate Communications Office
Tel: +81-(0)3-5434-8637
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