Kyocera to Acquire 100% Ownership of European Pneumatic Tools Van Manufacturer Aerden Group.
M2 EQUITYBITES-February 6, 2019-Kyocera to Acquire 100% Ownership of European Pneumatic Tools Van Manufacturer Aerden Group
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6 February 2019 - Japan-based industrial group Kyocera Corp.'s (TOKYO: 6971) Kyocera Senco Industrial Tools, Inc. subsidiary, a US pneumatic and cordless power tool manufacturing and sales company based in Cincinnati, Ohio, has concluded an agreement to acquire 100% of the shares of European pneumatic tool manufacturing and sales company Van Aerden Group BV, the group said.
In addition to manufacturing pneumatic tools and related products, Van Aerden Group sells power tools under multiple brands, including Senco, as a distributor.
Effective March 1, 2019, Van Aerden Group BV will be renamed Kyocera Aerfast Europe BV.
With the manufacturing and sales assets brought by this acquisition, Kyocera aims to strengthen its pneumatic tool business in Europe.
In recent years, Kyocera has expanded its tool business by diversifying from its core line of industrial metal processing tools.
It entered the pneumatic tool business in Northern Europe and Germany in 2011 through the acquisition of the Unimerco Group (now: Kyocera Unimerco A/S).
In 2017, Kyocera acquired Senco Holdings, Inc. (now Kyocera Senco Industrial Tools, Inc.), known for its broad range of high-quality pneumatic and cordless power tools in the US, the world's largest market for nailers.
Van Aerden Group manufactures the Aerfast brand of pneumatic tools, including nailers and staplers, with sales operations in more than 10 European countries.
Van Aerden Group has already built a strong collaborative relationship with Kyocera as an important European distributor for Kyocera Senco Industrial Tools since August, 2017.
Kyocera Corp. (TOKYO: 6971), the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of fine ceramics.
By combining these engineered materials with metals and integrating them with other technologies, Kyocera has become a leading supplier of semiconductor packages, industrial and automotive components, electronic devices, solar power generating systems, printers, copiers and mobile phones.
During the year ended March 31, 2018, the company's consolidated net sales totaled JPY 1.58tn (approx. USD 14.9bn).
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|Publication:||M2 EquityBites (EQB)|
|Date:||Feb 6, 2019|
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