M&A

Bridgestone Acquires iTrack Solutions Business from UK Tire Management Firm Transense

Bridgestone Corp. (TYO:5108) announced on June 25 that it has finished acquiring the iTrack Solutions Business of U.K.-based company Transense Technologies PLC. Transense’s iTrack Solutions Business provides mining companies with solutions that contribute to both tire maintenance as well as the optimization of vehicle operations. Through this, the business has built up an excellent reputation for itself over the years....

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Bridgestone Looks to Expand European Sales Network by Acquiring Germany’s Reiff

Bridgestone Corp. (TYO:5108) subsidiary Bridgestone Europe NV/SA recently announced that it has concluded a final agreement to acquire Reiff Reifen und Autotechnik GmbH, a supplier of automotive services including tire sales in southern Germany. The agreement was concluded on May 1; the amount paid for the acquisition has not yet been revealed. Reiff controls a retail network of 42 tire...

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Habasit Acquires and Integrates Two South Korean Belt Companies

Swiss-based plastic belt manufacturer Habasit AG announced on Dec. 5 that it has acquired all stocks in Namil Belt Industrial Co. Ltd. (NBI) and Korea Belt Services (KBI), turning these two South Korean belt companies into wholly owned subsidiaries. By then integrating these two companies, Habasit aims to bolster its supply of high-quality, customized solutions to customers throughout South Korea....

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Ube Industries, Kyocera to Form JV for 5G Base Station Ceramic Filters

Ube Industries Ltd (TYO:4208) and Kyocera Corp. (TYO:6971) have agreed to form a JV with the aim of expanding their operations around ceramic filters for 5G base stations. To initiate this, Kyocera will acquire a 51 percent share in Ube Electronics Ltd. (UEL), a wholly owned subsidiary of Ube Industries. Kyocera and Ube Industries will then establish a JV under...

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Bando Chemical Sets Sights on Expansion in Medical Equipment Business

Belt manufacturer Bando Chemical Industries Ltd. (TYO:5195) is focusing on growing its business for medical and health care equipment – a sector where demand is expected to grow going forward. As part of this approach, the company recently spent 10.55 billion yen ($96.48 million) on acquiring Aimedic MMT Co. Ltd., which handles production, sales and afterservice for plastic surgery equipment....

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Toyoda Gosei Investing in Optical Design Experts Imuzak for Vehicle Module Development

Toyoda Gosei Co. Ltd. (TYO:7282) is looking to accelerate its development of vehicle interior and exterior modules for the coming age of automated driving, investing in Imuzak Inc., a firm with strengths in optical design and evaluation. The outlay of 50 million yen ($450,000) is the first to be implemented by the new Corporate Venture Capital Department, established up by...

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