Sumitomo Electric Industries is acquiring Nissin Electric and TECHNO ASSOCIE to create wholly-owned subsidiaries, aiming to enhance synergy and corporate value while aligning with sustainability goals.

Information on the Target

Sumitomo Electric Industries, Ltd. has announced its intention to acquire common stock in Nissin Electric Co., Ltd. and TECHNO ASSOCIE Co., Ltd. through a tender offer. This strategic move aims to transform both companies into wholly-owned subsidiaries as part of a broader initiative outlined in the "Sumitomo Electric Group 2030 Vision," which emphasizes contributing to public benefit while ensuring mutual prosperity with stakeholders.

Nissin Electric is recognized for its unique technology and has been expanding its operations in the fields of Power Supply, Environment Systems, Beam and Plasma, and Equipment and Parts Solutions. Operating under the slogan “NISSIN ISSIN (New Each Day),” the company is committed to creating a sustainable future driven by reliable technical capabilities and active employee contributions to society. Similarly, TECHNO ASSOCIE employs distinct development proposal-based sales strategies and boasts a broad network within the electronics and automotive industries, enabling them to meet diverse customer needs effectively.

Industry Overview in Japan

Japan's industrial landscape is marked by innovation and technological advancement, particularly in sectors related to electronics and energy solutions. The country has a robust infrastructure supporting research and development, which facilitates the