Kyocera acquires Triumph-Adler for € 98.7 million
Motivated by Triumph-Adler’s distribution network: 35,000 companies as customers in 33 countries
Kyocera is one of Japan’s powerful electronics companies, which together are about as large economically as the whole of the Netherlands.
Taking advantage of low EURO exchange rates and the high YEN, and low valuations during the current economic crisis, Kyocera acquired 93.84% (51,968,300 shares) of TA Triumph-Adler AG at a purchasing price of € 1.90/share for a total purchase price on the order of € 98.7 Million.
Kyocera acquired TA Triumph-Adler for its distribution network: TA Triumph-Adler has about 35,000 companies as customers in 33 countries, with 70% of sales in Germany, giving Kyocera a much larger distribution footprint in Germany and EU.
Kyocera launched the new brand “TASKalfa” for a new type of micro-particle toner for copy machines and a new software platform for copiers
Triumph-Adler
Triumph was founded 1896 as a bicycle maker, and has grown into a major European office equipment manufacturer and sales company. Triumph used to be famous for typewriters, with the disappearance of typewriters, Triumph went through a long sequence of restructuring and through many merger and acquisition transactions by many different owners including: Litton Industries, Volkswagen AG, Olivetti, Ideal Loisirs.
TA Triumph-Adler’s annual sales are € 298.5 million.
Read our report on Japan’s electronics industry sector to learn more about Kyocera and its place in Japan’s electronics industry sector:
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