NEC to acquire Denmark’s largest IT company KMD Holding ApS for about 8 billion Danish Kroner (approx. US$ 1.2 billion)

NEC Corporation announced on December 27, 2018 the acquisition of Denmark’s largest IT company, KMD Holding ApS, the holding company of KMD A/S for about 8 billion Danish Kroner (approx. US$ 1.2 billion) from the private equity group Advent International. This acquisition is in line with NEC‘s “Mid-term Management Plan 2020” to shift NEC towards […]

Daikin acquires AHT for €881m (approx. 114.5 billion YEN)

Daikin Industries Ltd acquires Austria’s AHT Cooling Systems for €881m (approx. 114.5 billion YEN) World’s largest air-conditioning equipment maker expands to Europe On Monday 26 November 2018 Daikin Industries Ltd announced the planned acquisition of AHT Cooling Systems for €881m (approx. 100 billion YEN). Daikin Industries Ltd [TYO:6367], slogan: “The Future in Your Hand” Daikin […]

Dentsu acquires Gleam Futures via Dentsu Aegis Network as a cultural bridge

Dentsu uses London based Dentsu Aegis Network as a cultural bridge to acquire representation of about 40 YouTube stars Dentsu acquires Gleam Futures: invests to acquire 90% ownership Dentsu acquires Gleam Futures, who “develop, monetize & protect” digital-first talent, ie mainly YouTube focused stars. Japanese companies have a dramatically different culture than Western, European or […]

Roche acquires Chugai Pharmaceutical controlling stake, expanding in Japan, the world’s second largest pharmaceutical market

Japan’s pharmaceutical market is approx. US$ 80 billion – US$ 120 billion, approx. 10% of the global pharmaceutical market Roche acquires Chugai: Roche KK merges into Chugai in a carefully structured process, with Chugai the surviving company Roche acquires Chugai in a series of carefully crafted transactions, to expand in the world’s second largest pharmaceutical […]

ISOLITE acquired by Hitachi Chemical from private equity fund HQ Equita and others

Private equity fund HQ Equita had acquired ISOLITE in 2010, now sells to Hitachi Chemical ISOLITE acquired by Hitachi Chemical to build global speciality insulation materials group ISOLITE acquired by Hitachi Chemical from private equity fund HQ Equita, as announced on 27 and 28 April 2017. Isolite – High Temperature Solutions Isolite produces and sells […]

Sanofi acquires SSP (エスエス製薬株式会社) from Boehringer Ingelheim in a global asset swap

Japan’s pharmaceutical market is approx. US$ 80 billion – US$ 120 billion, approx. 10% of the global pharmaceutical market Sanofi acquires SSP (エスエス製薬株式会社), a Japanese OTC pharmaceutical company, founded as a pharmacy in Tokyo in 1765 Boehringer Ingelheim had acquired SSP (エスエス製薬株式会社), a Japanese OTC pharma company founded originally in 1765 as a pharmacy in […]

Asahi Group Holdings acquire five east European beer brands from Anheuser-Busch InBev

Asahi Group Holdings agreed to acquire five European beer brands for €7.3 billion: Pilsner Urquell (Czech Republic) Dreher Brewery (Hungary) Ursus Breweries (Romania) Tyskie Breweries (Poland) Lech (Poland) Asahi Group Holdings (アサヒグループホールディングス株式会社) founded in 1889 in Osaka as the Osaka Beer Company (大阪麦酒会社) listed on Tokyo Stock Exchange (TSE2502) with about 38% market share, the […]

Nippon Electric Glass acquires PPG’s European fibre glass operations

Nippon Electric Glass acquires PPG glass fibre manufacturing and R&D in Hoogezand (Netherlands) and Wigan (UK) Reinforcement materials for transportation, energy, infrastructure and consumer markets On June 20, 2016 PPG and Nippon Electric Glass (NEG, TYO:5214) announced that Nippon Electric Glass will acquire PPG’s European fibre glass operations, subject to employee consultations, regulatory and other […]

SoftBank acquires ARM Holdings plc driven by paradigm shift to Internet of Things (IoT)

On 18 July 2016 SoftBank announced to acquire ARM Holdings plc for £17 per share, corresponding to £24.0 billion (US$ 31.4 billion) SoftBank acquires ARM: acquisition completed on 5 September 2016, following 10 years of “unreciprocated love” for ARM On 18 July 2016 SoftBank announced a “Strategic Agreement”, that SoftBank plans to acquire ARM Holdings […]

Toray acquires Delta-Tech SpA to expand carbon fiber business in Europe

Toray acquires Delta-Tech: 55% of Italian fiber manufacturer Delta-Tech SpA including Delta-Preg SpA Toray management program Project AP-G 2016: “thorough implementation of growth strategy through innovation and aggressive management” Toray acquires Delta-Tech: acquires 55% of outstanding shares of the Italian prepreg manufacturer Delta-Tech SpA including the fully owned subsidiary Delta-Preg SpA. Delta-Tech SpA and Delta-Preg […]

Suzuki Volkswagen “Wagen-san” divorce: a teachable moment

“Mr. Suzuki didn’t want to be a VW employee, and that’s understandable” (Prof. Dudenhoeffer via Bloomberg) Suzuki Volkswagen divorce: Volkswagen makes approx US$ 1.3 billion profit, Suzuki comes out more or less even by Gerhard Fasol, All Rights Reserved. 18 September 2015, updated: 27 September 2015 A smiling Martin Winterkorn and Osamu Suzuki (79 years […]

Mitsui Sumitomo Insurance Company to acquire UK insurance company Amlin

Amlin is an insurer operating the second largest syndicate in London’s Lloyd’s insurance market Mitsui Sumitomo Insurance Company acquires Amlin for 2.5 billion pounds (approx. US$ 3.85 billion or ¥642 billion) On Tuesday, September 8, 2015, Mitsui Sumitomo Insurance Company announced the planned acquisition of London based insurer Amlin plc for 2.5 billion pounds (approx. […]

Financial Times to be sold to Nihon Keizai Shinbun Corporation (株式会社日本経済新聞社, Nikkei Inc.)

Nikkei won the race. Axel Springer withdrew. £ 94 million made the difference. On July 23, 2015 at 15:13 (3:13 pm) British Summer Time, Pearson and Nihon Keizai Shinbun Corporation announced the sale of the Financial Times Newspaper to Nihon Keizai Shinbun Corporation for £ 844 million (approx. US$ 1.3 billion) – sending shock waves […]

TOSHIBA sells KONE holding for approx. US$ 0.95 billion

Toshiba sells its 4.6% holding in Finnish elevator company KONE TOSHIBA sells KONE holding – fall-out from Toshiba’s accounting issues TOSHIBA sells KONE holding: In the wake of Toshiba’s accounting issues, Toshiba announced the sale of its 24,186,720 shares, corresponding to a 4.6% holding in Finnish elevator company KONE for EURO 864.7 million (YEN 118 […]

Quipper acquired by Japanese media giant Recruit for US$ 39 million

EdTech venture Quipper was founded 2010 by DeNA veteran Masayuki Watanabe (渡辺雅之) in London Recruit expands from classified-type magazine sites into education On April 1, 2015, Japanese media giant Recruit acquired London based but largely Japanese managed EdTech venture Quipper for US$ 39 million, providing good returns for three investors, Atomico, Benesse and Globis Capital […]

Nidec acquires automotive pump company Geräte- und Pumpenbau GmbH Dr. Eugen Schmidt

Electrical water pumps (EWP), electrical oil pumps (EOP) “for everything that spins and moves” Nidec acquires German pump manufacturer Geräte- und Pumpenbau GmbH Dr. Eugen Schmidt via the subsidiary Nidec Motors & Actuators (Germany) GmbH (“NMA(G)”) on February 2, 2015. Geräte- und Pumpenbau GmbH Dr. Eugen Schmidt and subsidiaries have been renamed: Germany: NIDEC GPM […]

Nidec acquires power generators manufacturer Motortecnica s.r.l.

Nidec continues acquisitions in Europe in the motor and electrical equipment sector Nidec: “for everything that spins and moves” Nidec acquired the Italian electrical machinery construction and repair company Motortecnica s.r.l. on May 15, 2015 via its Italian subsidiary Nidec ASI S.p.A. (formerly, Ansaldo Sistemi Industriali S.p.A), which Nidec had acquired in May 2012. Motortecnica […]

LIXIL announces losses of YEN 33.2 billion (US$ 265 million) due to Joyou AG’s insolvency filing

LIXIL (“Link to good living”) acquired approx. 70% of German listed Chinese subsidiary Joyou AG via the GROHE acquisition Joyou AG files for bankruptcy On January 21, 2014, LIXIL had acquired 87.5% of the German bath fixtures company GROHE Group (“Pure Freude am Wasser”). The GROHE Group owns 72.3% of Joyou AG, thus Joyou AG […]

Domino Printing Sciences plc to be acquired by Brother Industries

Transition from analog printing to digital printing drove coding and marking printer Domino to partner with a stronger company Domino valued at 1.03 billion pounds (US$ 1.5 billion) 97% of today’s printing is analog, however there is a transition now to digital printing. Domino Printing Sciences is specialized on analog printing and now transitioning to […]

abaGada, Israeli digital performance agency, acquired by Dentsu and to be rebranded as iProspect

Dentsu continues acquisition of digital and mobile agencies in Europe and Israel To overcome cultural issues of a traditional Japanese leading corporation, Dentsu acquires via London based Dentsu Aegis Network On April 20, 2015 Dentsu announced another investment in its quest to strengthen its global footprint and to strengthen capabilities in mobile and digital: Dentsu […]

Sompo Japan Nipponkoa Holdings Inc to acquire 15% of French reinsurer Scor SE

Sompo continues globalization Sompo to acquire 15% of Scor SE for approx. US$ 915 million On March 6, 2015, Sompo Japan Nipponkoa Holdings Inc (損保ジャパン日本興亜ホールディングス株式会社) announced the investment in the French reinsurer Scor SE, as follows: 7.8% (8.1% of voting rights) from largest shareholder, Patinex AG. Patient is a Swiss holding company, owned by Martin […]

MixRadio: from Nokia to Microsoft to LINE

Messaging giant LINE continuous globalization MixRadio will complement LINE’s local Japanese LINE Music service In December 2014, LINE and Microsoft announced that LINE will acquire the streaming music service MixRadio from Microsoft. LINE already operates a Japan-only streaming music service “LINE Music”. Since music licensing is largely country or region specific, with this acquisition, LINE […]

Mindworks – “the fastest growing digital agency in Greece” – to be acquired by Dentsu

Dentsu continues acquisition of digital and mobile agencies in Europe To overcome cultural issues of a traditional Japanese leading corporation, Dentsu acquires via London based Dentsu Aegis Network On March 11, 2015 Dentsu announced another investment in its quest to strengthen its global footprint and to strengthen capabilities in mobile and digital: Dentsu acquires 80% […]

Nikon enters medical sector with offer for acquisition of Optos plc – “The retina company”

Nikon diversifies from digital cameras to medical imaging Retinal imaging market estimated to grow to US$ 530 million in 2019 Currently 70% of Nikon’s business are digital camera, a rapidly shrinking market due to the popularity of smartphone cameras. Inspired by SONY‘s investment in medical imaging company Olympus, Nikon diversifies from digital cameras into medical […]

NTT Communications reportedly in talks to acquire German data center operator e-shelter facility services GmbH

NTT Communications to continue global expansion e-shelter offers about 90,000 square meters of data center space in 9 locations NTT Communications is reported by Nikkei to be in negotiations to acquire Frankfurt based e-shelter facility services GmbH for approximately YEN 100 billion (US$ 840 million). NTT Communications acquisition is driven by the need to grow […]

Hitachi agrees with Finmeccanica S.p.A. to acquire rail business of AnsaldoBreda S.p.A. and 40% of rail signaling company Ansaldo STS S.p.A.

AnsaldoBreda rail business to help Hitachi to compete globally with Siemens, Bombardier and Alstom Finmeccanica accelerates restructuring, reduces debt and focuses on aerospace, defense and security Hitachi Ltd (株式会社 日立製作所) and Finmeccanica S.p.A. announced on February 24, 2015, that their Boards of Directors have agreed for Hitachi to: acquire the rail business of AnsaldoBreda S.p.A. […]

Sosei Group acquires Cambridge/UK based Heptares Therapeutics Ltd for up to US$ 400 million

Sosei Group acquires candidate drugs to compensate for expected loss of patent protection for the Seebri inhaler in 2026 Heptares Therapeutics Ltd emerged from the MRC Laboratory of Molecular Biology at the University of Cambridge Sosei Group Corporation (そーせいグループ株式会社) is a Japanese pharmaceutical group which mainly in-licenses pharmaceutica in Europe and North America, then brings […]

Wuaki.tv acquired by Japan’s e-commerce giant Rakuten

Wuaki.tv: Your online video service Rakuten’s first entry into Spain’s markets On June 13, 2012, Rakuten acquired Spanish online streaming video-on-demand (VOD) provider Wuaki.tv. Wuaki.tv – slogan: Your online video service Wuaki.tv was founded 2009 in Barcelona by current CEO Jacinto Roca. Wuaki.tv is funded by Bonsai Capital, Axon Capital, and Marc Ingla, former Vice-President […]

Canon offers SEK 23.6 Billion for CCTV leader Axis AB

Canon aims for leadership in the US$ 15 billion global video surveillance market Canon offers 50% premium on Axis Aktiebolag share price of Monday Feb 9, 2015 Canon is one of Japan’s most successful electronics groups, with imaging as one of Canon‘s core business areas. On February 10, 2015, Canon launched a public offer with […]

itelligence AG acquired by NTT Data

NTT DATA Business Solutions Largest global SAP reseller and one of the largest SAP solution providers On 23 October 2007, NTT DATA, NTT DATA Europe and itelligence AG announced a partnership, and NTT DATA announced to intention of an offer to acquire the shares at € 6.20 per share, about 37.2% higher than the closing […]

Integralis acquired by NTT Communications creating NTT Com Security AG

NTT Communications acquired 78.4% of Integralis AG which is renamed NTT Com Security AG Managed Security Services (MSS): Greschitz IT Security and Secode AB join NTT Com Security AG On June 30, 2009, NTT Communications announced a public tender offer for the shares of Integralis AG offering € 6.75 in cash per share. Integralis at […]

net mobile AG majority stake acquired by NTT Docomo

globalizing Docomo’s mobile payment and content services bringing German mobile know-how to Japan On September 11, 2009, NTT Docomo announced a voluntary public tender offer for shares of net mobile AG. The tender offer was closed on November 27, 2009, and Docomo Deutschland GmbH acquired 6,126,567 shares at € 6.35 per share corresponding to 79.59% […]

Idemitsu Kosan may acquire Showa Shell Sekiyu KK for YEN 500 billion (US$ 4.1 billion)

SHELL may exit Japan after 138 years here Idemitsu Kosan (出光興産株式会社) aims for market leadership On December 20, 2014, both Idemitsu Kosan and Showa Shell separately announced that they had entered into discussions of possible business reorganization, indicating that Idemitsu Kosan may acquire Showa Shell next year. Because Showa Shell Sekiyu KK is a Japanese […]

Toray acquires Saati SpA’s European carbon fiber fabric and prepreg business

Toray acquires Saati’s European fabric business: Toray builds integrated supply chain in Europe Toray management program Project AP-G 2016: “thorough implementation of growth strategy through innovation and aggressive management” Toray acquires Saati’s European fabric business: Toray announced on 10 December 2014 the agreement to acquire the European carbon fiber fabric and prepreg business of Saati […]

EU investment in Japan could be 50% higher had Vodafone succeeded in Japan

EU investment in Japan is about € 85 billion – it could be 50% higher! Vodafone-Japan: what could the value be today? Had Vodafone succeeded in Japan, Vodafone-Japan could be worth about US$ 50 billion today, about 1/2 of Vodafone’s total global market-cap today, and combined investment in Japan by European (EU) companies could be […]

Colt to acquire KVH – the Tokyo based cloud and data center service provider

Colt to acquire KVH for YEN 18.595 billion (€ 130.3 million = US$ 160 million) The acquisition Both Colt and KVH were founded with investments by Fidelity Investments and associated companies, Colt in London in 1992, and KVH in 1999 in Tokyo, as telecommunications service providers for the financial industry and other industrial customers. While […]

Hitachi Zosen Inova AG acquires Energy-from-Waste (EfW) EPC Axpo Kompogas Engineering AG (Komeng)

Waste is our Energy! – Energy-from-Waste (EfW) Hitachi Zosen Inova AG acquires Axpo Kompogas Engineering AG AXPO agreed on October 24, 2014 to sell its subsidiary Axpo Kompogas Engineering AG to Hitachi Zosen Inova AG (ZHI AG). Closing is in mid December 2014. Axpo Kompogas Engineering AG (Komeng) Axpo Kompogas Engineering AG (Komeng) is an […]

JFE Engineering acquires boiler maker Standardkessel Power Systems Holding GmbH

JFE Engineering globalizes and strengthens biomass and waste electricity generation systems business Standardkessel-Baumgarte: from a classic boiler maker to biomass and waste-to-energy power plants JFE Engineering acquires all outstanding shares of Standardkessel Power Systems Holding GmbH, for approximately YEN 10 billion (US$ 87 million), from current shareholders. Standardkessel (founded 1925) and Baumgarte (founded 1935) started […]

Heraeus Kulzer acquires EGS Srl (Enhanced Geometry Solutions)

Japanese companies’ strategy to overcome cultural post-merger problems: European subsidiaries acquire Heraeus Kulzer acquires EGS, expanding both Mitsui Chemicals’ foot print in Europe and global market penetration for Mitsui Chemicals’ dental supplies business Japanese companies are well known to have substantial difficulties with post merger integration as a consequence of massive cultural differences which need […]

Panasonic self-driving car technology: Ficosa investment

Panasonic restructures away from TVs and other commodities to automotive parts Panasonic self-driving car technology As part of the restructuring efforts, Panasonic invests in Spanish car parts maker Ficosa in order to jointly develop Panasonic self-driving car technology. We have documented in our blogs and reports on Japan’s electronics industry how Japan’s electronics giants lost […]

Nippon Steel & Sumikin Engineering Co., Ltd. acquires Fisia Babcock Environment GmbH

Nippon Steel & Sumikin Engineering Co Ltd (Nippon Steel & Sumitomo Metal Corporation, Tokyo Stock Exchange Code 5401) on May 7, 2004 acquired 100% of the shares of Fisia Babcock Environment GmbH (located in Gummersbach, Germany) from Impregilo International Infrastructure N. V. (which is wholly owned by Salini Impregilo S.p.A., Milano, Italy), for EURO 139.3 […]

Video surveillance specialist Milestone Systems A/S acquired by Canon

Canon acquires video surveillance specialist Milestone Systems A/S in June 2014 Milestone Systems A/S is a leading IP based video management software (VMS) and network video recorder (NVR) provider for video surveillance Milestone System was founded in 1998 to apply IP technology from the financial sector to the surveillance video sector, which had previously been […]

DC Storm acquired by Rakuten Marketing to strengthen marketing analytics and attribution

Rakuten acquires marketing attribution specialist Following acquisition of Adometry by Google and of Convertro by AOL On May 28, 2014, Rakuten Marketing announced the acquisition of the Brighton (UK) based marketing attribution specialist DC Storm. Although terms of the acquisition were not disclosed, Google on May 6, 2014 acquired Adometry for about US$ 150 million, […]

Hitachi Engineering Europe formed by acquisition of Valcom S.r.l.

Hitachi acquires Valcom, electrical and instrumentation engineering for oil and gas plant systems Hitachi Engineering Europe: the new name for Valcom Hitachi acquired all outstanding shares of Valcom S.r.l. and will rename the company “Hitachi Engineering Europe S.r.l.” Valcom S.r.l. is an Engineering, Procurement, Construction (EPC) company, headquartered in Milano (Italy), in the following fields: […]

Lesmobilizers SAS acquired by Dentsu and to be integrated into Isobar

Dentsu acquires French mobile marketing agency Lesmobilizers Lesmobilizers SAS to be integrated into Dentsu’s Isobar On March 4, 2014 Dentsu announced further European investments in its quest to strengthen its global footprint: Dentsu acquires French mobile marketing agency Lesmobilizers SAS. Lesmobilizers SAS – Mobile Applications Creators Lesmobilizers SAS are a dedicated agency in design and […]

Tokyo AIM became the Tokyo PRO market, and London Stock Exchange quits Japan. Here is why!

Tokyo AIM: LSE sells its share in the Tokyo AIM joint venture to Tokyo Stock Exchange and leaves Japan Initially, London Stock Exchange and Tokyo Stock Exchange created Tokyo AIM as a joint-venture company in order to create a jointly owned and jointly managed Tokyo AIM, modeled according to the very successful London AIM model. […]

LIXIL and Development Bank of Japan (DBJ) together acquire 87.5% of GROHE Group

LIXIL (“Link to Good Living”) pursues strategy to become global leader in building materials and housing equipment industry LIXIL acquires 87.5% of German GROHE Group (“Pure Freude an Wasser”), valuing GROHE at € 3.06 billion Lixil Corporation follows the strategy to become the global leader in building materials and housing equipment, and on January 21, […]

Socializer acquired in Poland by Dentsu, joins Isobar

Dentsu acquires Socializer acquired in Poland Socializer joins Isobar On January 20, 2014 Dentsu announced further European investments in its quest to strengthen its global footprint: Dentsu acquires Poland’s social media agency Socializer Socializer SA Socializer SA was founded in Warsaw, Poland, in March 2011, earned gross profits of UKL 1.7 million in the financial […]

Japanese insurance SOMPO acquires UK reinsurer Canopius Group Ltd

Japanese insurance SOMPO part of NKSJ Holdings acquires UK reinsurer Canopius Group from Bregal Capital In order to globalize, Japanese insurance company Sompo Japan (株式会社損害保険ジャパン), part of the insurance group NKSJ Holdings (NKSJホールディングス株式会社, TSE / JPX: No. 8630) announced yesterday the acquisition of 100% of the UK re-insurer Canopius Group Limited, operating on Lloyd’s for […]

Japan’s direct investments in EU flourish, while EU investments in Japan stagnate

Investment flow between EU and Japan shows strong impact from the Lehmann shock economic downturn. Investment flow from EU to Japan remains at relatively low levels around EURO 1 billion annually, while investments by Japanese companies in the EU are on the order of EURO 10 billion per year currently. M&A and direct investment (FDI) […]

EU Japan investment stock

EU Japan investment stock EU Japan investment: EU to Japan EU to Japan investment register EU investments in Japan have been relatively constant around EURO 80 billion. There has been a marked reduction in EU investment in Japan in 2006 due to the withdrawal of Vodafone from Japan with the sale of Vodafone KK to […]

Supercell: SoftBank and GungHo acquire 51% for US$ 1.5 billion

Supercell valued at approx. US$ 3 billion Supercell investment leverages paradigm shift, time shift and market disconnects Smartphones and the “freemium” business models are bringing a dual paradigm shift to games and create a new truly global market. To take advantage of this global paradigm shift, its necessary to overcome the cultural disconnects between markets. […]

Otsuka buys Astex Pharmaceuticals (NASDAQ:ASTX) for US$ 886 million

Astex Pharmaceuticals is an oncology drug discovery company based on the Pyramid drug discovery platform in Cambridge (UK) Otsuka buys Astex in a tender offer for US$ 886 million Otsuka buys Astex Pharmaceuticals (formally Astex Therapeutics, UK). Astex Therapeutics is a oncology drug discovery company based in Cambridge, England, and at the time of acquisition […]

Ymedia SL and Wink TTD SL investments by Dentsu in Spain

Dentsu further expands the global footprint in Spain On September 20, 2013 Dentsu announced further European investments this year in its quest to strengthen its global footprint: acquisition of 51% of Ymedia SL via Aegis Media Iberia, full 100% acquisition expected by 2019 acquisition of 31.8% of Wink TTD SL via Aegis Media Iberia, full […]

Arkadin’s [enjoy sharing] 91.2% AXA stake to be sold to NTT Communications

Arkadin International SAS valued at approx. US$ 463 million Collaboration-as-a-Service (CaaS) On August 5, 2013, NTT Communications (NTT Com) announced that it will acquire 91.2% of the shares of the French conference and collaboration specialist Arkadin International SAS from current investors AXA Private Equity (now: Ardian Investment) and other investors. The valuation is estimated at […]

Simple Agency srl investment by Japan’s advertising giant Dentsu

Dentsu further expands the global footprint in Europe Social, content and digital marketing empowerment based in Italy On July 30, 2013 Dentsu announced another European investment this year in its quest to strengthen its global footprint: the acquisition of a 70% majority share in the Italian Simple Agency via Aegis Media Italia, a of subsidiary […]

Social Embassy BV acquired by Dentsu

Dentsu further expands the global footprint in Europe Content & community management, brand engagement, social media, SNS advertising based in The Netherlands On May 23, 2013 Dentsu announced another European acquisition within the single month of May 2013 in its quest to strengthen its global footprint: the acquisition of the leading Dutch social media agency […]

Kinecto, Romania’s leading digital advertising agency acquired by Dentsu

Renamed Kinecto Isobar On May 14, 2013 Dentsu announced the acquisition of the Romanian digital advertising agency Kinecto via its subsidiary Dentsu-Aegis, based in London. Following the acquisition, the company was renamed Kinecto Isobar. Kinecto Kinecto International SRL is one of the most important digital advertising agencies in Romania, and was founded in 2002 by […]

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 […]

Hitachi Consulting acquires operations management consulting firm Celerant Consulting at a value of about US$ 145 million

Hitachi Consulting growth is in line with Hitachi’s Smart Transformation Hitachi Consulting aims to grow to US$ 1.5 billion annual revenues by FY2015 Hitachi Consulting announced on January 2, 2013 the acquisition of the UK based operations management consulting firm Celerant Consulting. Caledonia Investments announced the sale of its 47.3% ownership in Celerant Consulting for […]

Hitachi Europe acquires The Railway Engineering Company (TRE)

TRE supplies simulators and automatic routing systems Hitachi Europe expands European Traffic Managment Railways (TMS) sector Hitachi Europe, on December 20, 2012 announced the acquisition of The Railway Engineering Company (TRE) from James Fisher and Sons plc for UKL 25.5 million. The Railway Engineering Company (TRE) products include: Automatic Routing Systems Signalling and Interlocking Simulation […]

Alpha Direct Services (ADS) acquired by Rakuten to build European logistics

Rakuten builds European logistics infrastructure Rakuten’s 6th acquisition in Europe Rakuten is aggressively globalizing in the face of intense competition by Amazon.com, and more recently Alibaba. As part of global growth, Rakuten is acquiring a string of e-commerce, e-book, online media, and software and service companies in Europe. Now Rakuten has started to build fulfillment […]

Horizon Nuclear Power acquired by Hitachi for £696 million

Hitachi to build 6 GigaWatt of nuclear power in UK E.ON and RWE to withdraw, Chinese consortium lost bid In tune with Germany’s “Energiewende”, E.ON and RWE npower decided to sell Horizon Nuclear Power. On October 29, 2012 Hitachi Ltd (株式会社日立製作所) announced the agreement to acquire Horizon Nuclear Power for £696 million (approx. US$ 1 […]

Aquafadas SAS acquired by Rakuten via e-reader company Kobo

Kobo acquires French digital publishing tool company Aquafadas Rakuten acquired e-reader manufacturer Kobo Rakuten acquired 100% of e-reader manufacturer Kobo for US$ 315 million in cash in January 2012. Kobo announced the acquisition of French digital publishing company Aquafadas on October 10, 2012. Aquafadas http://www.aquafadas.com was founded in Montpeller in 2004 by Matthieu Kopp (CTO) […]

Buongiorno SpA acquired by NTT Docomo for € 209 million (US$ 260 million)

NTT Docomo acquired Italian mobile content, apps and service provider in a public tender offer Buongiorno SpA becomes fully owned subsidiary of NTT Docomo NTT Docomo acquired mobile content provider Buongiorno SpA in August 2012 following a public tender offer via Docomo’s German subsidiary DOCOMO Deutschland GmbH. The shares were delisted from the Italian Stock […]

Dentsu acquires Aegis

Aegis Group plc, a UK company with French roots Dentsu’s challenge to grow global footprint while managing cultural differences On Thursday, July 5th, 2012, Dentsu announced the acquisition of Aegis Group plc, a UK company with French roots, centered on media advertising media buying. Dentsu’s need to globalize Driving this acquisition was Dentsu’s need to […]

Nidec acquires Ansaldo Sistemi Industriali S.p.A

Reorganized as Nidec ASI Nidec: “for everything that spins and moves” Nidec acquires Ansaldo Sistemi Industriali S.p.A. from HVEASI Holding BV, affiliated with Patriarch Partners LLC. The acquisition was completed in May 2012. Ansaldo Sistemi Industriali S.p.A (ASI) renamed: “Nidec ASI S.p.A.” and set up a Japan subsidiary Nidec ASI Japan Corporation to develop Nidec […]

Murata “innovator in electronics” acquires world’s largest independent MEMS manufacturer VTI Technologies Oy

VTI Technologies Oy acquired by Murata for € 195 million from EQT III Capacitive MEMS sensor maker VTI Technologies Oy is a perfect fit for miniature ceramic capacitor specialist Murata Electronics Oy Murata and private equity group EQT on October 11, 2011, announced the sale of VTI Technologies Oy to Murata for € 195 million. […]

Rakuten acquires UK e-commerce portal Play.com

Play.com: third European company acquired by Rakuten.com Rakuten continues global battle with Amazon.com On September 21, 2011, Rakuten announced acquisition of 100% of the UK e-commerce portal site Play.com for UKL 25 million (approx. US$ 40 million). Rakuten’s acquisition of Play.com (UK) follows the acquisitions of PriceMinister (France) and Tradoria (Germany). Play.com Play.com sells music, […]

Landis+Gyr acquired by Toshiba and The Innovation Network Corporation of Japan (INCJ)

Landis+Gyr to become “independent growth platform” within the Toshiba Group for smart meters and smart grid Landis+Gyr acquired by Toshiba (60%) and Innovation Network Corporation of Japan (40%) for US$ 2.3 billion Landis+Gyr acquired by Toshiba and The Innovation Network Corporation of Japan: this acquisition was finalized with a shareholder’s and share purchase agreement between […]

Rakuten acquires 80% of German e-commerce platform Tradoria

Rakuten continues global expansion Competing with Amazon.com…. On July 28, 2011, Rakuten announced the acquisition of 80% of Germany’s e-commerce site Tradoria for a “double-digit million” amount. Tradoria has been rebranded as Rakuten.de and has become part of Rakuten Deutschland GmbH. Tradoria Tradoria was founded in 2007, and today has more than 4400 online stores […]

Value Team SpA acquired by NTT Data

NTT Data’s a bridgehead to Brazil and South America Value Team SpA serves about 300 clients with about 3000 professionals On April 25, 2011, NTT Data announced the acquisition of 100% of shares of Value Team SpA via the subsidiary NTT Data Europe GmbH & Co KG for about € 250 million. Value Team SpA […]

Hitachi Zosen acquires Energy-from-Waste (EfW) engineering firm AE&E Inova AG in Zürich, to become Hitachi Zosen Inova AG (HZI AG)

Waste is our energy! Energy-from-Waste (EfW) Hitachi Zosen acquires former Von Roll Inova to form Hitachi Zosen Inova AG AE&E Inova Holding AG filed for bankruptcy on December 3, 2010, and Hitachi Zosen Corporation (日立造船株式会社) acquired 100% of the shares of AE&E Inova Holding AG in Zurich with approval of the bankruptcy court, and the […]

Boehringer Ingelheim acquires SSP (エスエス製薬), acquiring remaining 40% for US$ 365 million

Boehringer Ingelheim acquisition values SSP at approx US$ 900 million Boehringer Ingelheim acquires SSP stage-by-stage: 9.2% in 1996, 60% in 2001, 100% in 2010 Boehringer Ingelheim acquires SSP (エスエス製薬株式会社), a Japanese OTC pharma company founded originally in 1765 as a pharmacy in Yaesu, Tokyo, starting with business cooperation, followed by staged investment over a period […]

Sony Barcelona Tec factory sold to Ficosa International SA and Comsa Emte SL

Sony Barcelona Tec technology center manufacturing LCD TV sets for Europe sold Sony Barcelona Tec acquired by Joint Venture between Spanish Companies Ficosa International SA and Comsa Emte SL Sony Barcelona Tec, the SONY Barcelona Technology Center was established in January 1973, and in August 2010 had about 1100 employees and was manufacturing LCD TVs […]

Rakuten acquires French ecommerce portal PriceMinister.com

Rakuten continues to globalize via acquisitions Rakuten seeks to compete globally with Amazon.com Rakuten acquires 100% of shares of PriceMinister S.A. for €200 million (= approx. US$ 250 million). The transaction is expected to close at the end of July 2010. PriceMinister S.A. PriceMinister was founded in 2000 by current CEO Pierre Kosciusko-Morizet, and Pierre […]

Square Enix acquires Eidos Interactive for £84.3 million

Eidos Interactive converted into Square Enix Europe Square Enix on the path to globalization Square Enix acquires the publicly listed British games company Eidos Interactive for £84.3 million (approx. US$ 130 million), Eidos shares were suspended from trading on April 21, 2009, and the shares will be cancelled on May 6, 2009. Edits became formally […]

Kyocera expands in Europe via acquisition of TA Triumph-Adler

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 […]

Suzuki Metal Industry Co Ltd acquires valve spring wire maker Haldex Garphyttan Wire

Suzuki Metal with Garphyttan to become global player of Nippon Steel Group’s wire rod business Suzuki Metal Industry Co Ltd to issue news shares to be acquired by Nippon Steel Group to finance the acquisition of Garphyttan AB from Haldex Group On December 25, 2008, Nippon Steel Group and Suzuki Metal Co Ltd announced the […]

Japanese M&A abroad: Four critical factors for Japanese corporates making major international acquisitions, Stuart Chambers, CEO of NSG Group

Stuart Chambers, CEO of NSG Group, gave a press conference on October 16, 2008, here are some notes and thoughts. On February 16th, 2006, Nippon Sheet Glass’ offer for the 80% of Pilkington plc it did not already own, for US$ 3.14 billion in total, was accepted by Pilkington’s share holders and the acquisition was […]

Bigger than any recent EU investment in Japan: Iscar Ltd of Israel acquired Japanese tungsten carbide tool maker Tungaloy for US$ 1 billion

The Israeli company Iscar has completed the acquisition of Japanese competitor Tungaloy Corporation. Iscar acquired more than 90% of outstanding shares for around US$ 1 billion from Nomura Principal Finance Co. Iscar is the world’s second largest maker of tungsten carbide cutting tools, and competitor Tungaloy is the world’s fifth largest. Iscar is controlled by […]

TDK acquires passive electronic component maker EPCOS

Acquisition value of YEN 200 Billion (approx. US$ 1.859 billion) EPCOS becomes part of 100% owned subsidiary TDK-EPC Corporation On July 31, 2008 TDK launched an offer to buy all outstanding shares of EPCOS, thus acquiring 100% of EPCOS. Value of the acquisition transaction was on the order of YEN 200 Billion (approx. US$ 1.859 […]

A European perspective on M&A in Japan

Presentation at the lunch meeting of the Danish Chamber of Commerce in Japan (DCCJ) on June 4, 2008. Announcement Photos of the event Announcement text: With the very high EURO and low valuations of many Japanese companies, and with changing attitudes in Japan, now is an excellent time for European companies to start or expand […]

Seminar in London: "M&A in Japan" (Friday 18 April 2008, 12:30-14:30)

Seminar Description: Two practitioners from Tokyo will debate the changes in Japanese attitudes to mergers and acquisitions. During the course of this seminar, we will cover M&As between Japanese companies, the slow impact of foreign investment into Japan, and the outward investment strategies of Japanese companies. Speakers: Dr Gerhard Fasol, President, Eurotechnology Japan KK David […]

Yamaha acquires Bösendorfer Klavierfabrik GmbH

Yamaha Corporation acquires Vienna based 170 year old piano manufacturer Yamaha acquires Bösendorfer: Vienna piano manufacturer L. Bösendorfer Klavierfabrik GmbH founded in 1828 L. Bösendorfer Klavierfabrik GmbH was founded in 1828 in Vienna (Austria), and is one of the world’s most respected piano manufacturers. Bösendorfer was sold to a US wood manufacturing company, later by […]

Cambridge Display Technology (CDT) acquired by Sumitomo Chemical

Sumitomo Chemical to acquire CDT for US$ 285 million in cash Sumitomo Chemical (住友化学株式会社) acquired Cambridge Display Technology (CDT) under a merger agreement, paying an acquisition price of US$ 285 million in cash. 1998: Sumitomo Chemical starts P-OLED development 2001: Sumitomo Chemical and CDT Ltd (fully owned subsidiary of CDT Inc) enter into a cooperation […]

Briefing EU Technology Attaches to Japan about Japan’s telecom sector – unspoken question: Why did Vodafone fail in Japan?

Following Vodafone’s decision to end business in Japan and the announcement of the sale of Vodafone-Japan to SoftBank, this author has been asked to brief the Technology Attaches of the 25 EU Embassies in Tokyo on Japan’s mobile phone and telecom sector (download the presentation as a pdf-file here). The EU Technology Attaches were particularly […]

Vodafone brand disappears from Japan: Vodafone -> SoftBank rebranding

Vodafone sells Japan operations to Softbank Vodafone brand is replaced by the Softbank brand “SoftBank” replaces “Vodafone” brand in Japan following Vodafone’s decision to sell all Japan operations to the Softbank Group (after Vodafone had previously split off and sold fixed-line and other operations to Softbank in earlier transactions). Photographs below show the world famous […]

EU investments in Japan: Why did Vodafone fail in Japan?

Vodafone made the largest ever European investment in Japan Why did Vodafone fail so dramatically in Japan? Quick answer Vodafone failed in Japan not for one single reason but for hundreds of reasons, which can be grouped into two groups Soft factors: Japan knowledge at HQ, and knowledge at HQ about the specifics of Japan’s […]

Vodafone in Japan? Why did Vodafone change its mind about Japan?

Negotiations between SoftBank and Vodafone about sale of Vodafone Japan confirmed Bloomberg: Vodafone-Japan CEO Tsuda seeks growth in Japan, not sale About one year ago, in an interview with Bloomberg (“Vodafone KK’s Tsuda seeks growth in Japan, not sale“), I mentioned that a sale of Vodafone’s Japan operations to Softbank might be the way Vodafone […]

Asahi Kasei Fibers Corporation acquires Dorlastan fibers business from Lanxess

Lanxess continues refocussing following spin-out from Bayer Textiles business moves to Asia On 17 November 2005, Lanxess (Köln, Germany) and Asahi Kasei Fibers Corporation (Osaka, Japan) announced the planned sale of Lanxess’ Dorlastan business to Asahi Kasei Fibers Corporation. Lanxess’ Dorlastan division includes production sites at Dormagen, Germany, and in Bushy Park, South Carolina, USA: […]

The Economist about 3G and Vodafone in Japan

An article in The Economist about Vodafone is partly based on our analysis: “Vodafone- Not so big in Japan” (The Economist, Sept 30th, 2004) Japan telecommunications industry market report Register and receive an email with a link to a free trial version of our report on “Japan telecommunications industry” and our newsletters. Copyright·©1997-2013 ·Eurotechnology Japan […]

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