Panasonic Automotive acquires AUPEO! – streaming music into internet connected cars

Panasonic

Panasonic continues to restructure away from commodities

Panasonic Automotive acquires AUPEO! to stream music into internet connected cars

Japan’s electronics giants are under immense pressure to refocus away from commodities. Panasonic Automotive now acquires the German company AUPEO!, specialized on streaming music into internet connected cars.

Aupeo was founded in Berlin’s startup scene in 2008 by Armin Schmidt and CEO Holger Weiss, and focuses on streaming music into internet connected cars.

AUPEO! works both B2B with car manufacturers and aftermarket car audio producers and also B2C offering services to consumers.

AUPEO! currently works with the following OEMs

  • BMW
  • Mercedes
  • Mini
  • Honda
  • Toyota
  • Ford
  • Audi

and in the aftermarket with:

  • Pioneer
  • JVC Kenwood

More information here on corporate.aupeo.com/about-us/

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Mitsui Chemicals acquires Heraeus Kulzer GmbH, dental materials for € 450 million

Heraeus divests Heraeus Kulzer GmbH because the use of precious materials for dental restoration is declining

Mitsui Chemicals [4183] acquires Heraeus Kulzer GmbH to combine with Sun Medical Co Ltd to form a global dental materials business

At the Board Meeting of April 4, 2013 Mitsui Chemicals Inc decided to acquire the dental business of Heraeus Holding GmbH (Heraeus Dental).

Mitsui Chemicals and Heraeus Holding GmbH agreed to a valuation of € 450 million (YEN 54.3 billion) including debt, and to be adjusted to changes in working capital and cash on the closing date.

Mitsui Chemicals’ subsidiary Sun Medical Co Ltd has been producing dental materials for 30 years, and plans to combine Heraeus Dental with Sun Medical Co Ltd to form a combined global dental materials business.

Heraeus decided to divest Heraeus Dental, mentioning that the dental industry is changing and the use of precious materials for dental restoration is declining.

Heraeus Holding GmbH (Seller)

Heraeus is a family owned privately held company, with core focus on precious metals.

Heraeus was founded in 1851 by the pharmacist and chemist Wilhelm Carl Heraeus, who had inherited his father’s pharmacy “Einhorn Apotheke” in Hanau, near Frankfurt. Wilhelm Carl Heraeus invented a method to melt platinum using a oxyhydrogen blowpipe. In 1857, Wilhelm Carl Heraeus produced about 30 kilograms of pure platinum, and about 1 ton in 1896.

Heraeus Holding GmbH achieves € 3.4 billion in product revenues + € 12.2 billion in precious metal trading revenues, a total of € 15.589 billion revenues annually in 2014 with about 12,600 employees.

Heraeus Kulzer, Heraeus Dental and Heraeus Medical

Heraeus since the 1930 supplies dental materials based on the gold, silver and palladium alloy Alba, and a variety of gold and ceramic bonding alloys. In 2009, Heraeus Kulzer was split into Heraeus Dental and Heraeus Medical.

Heraeus Dental (Trade name) / Heraeus Kulzer GmbH (Corporate group)

Heraeus Kulzer consists of 17 corporate entities (share deal) and 9 entities (asset deal), a total of 26 legal entities.

Net assets: € 57.5 million (as of Dec 31, 2012)
Gross assets: € 165.3 million (as of Dec 31, 2012)

Revenues: € 353.6 million (year ending Dec 2012)
Operating income: € 16.2 million (year ending Dec 2012)

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