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Press release titled “Notice regarding the Acquisition of Shares of Mach Aero Bretigny Rectification SAS and Mach Aero Components Private Ltd. by MinebeaMitsumi’s European Subsidiaries,” dated November 6, 2017
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MINEBEA MITSUMI Inc.
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By:
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/s/ Takayuki Ishikawa |
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Name:
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Takayuki Ishikawa
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Title:
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General Manager
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Company Name:
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MINEBEA MITSUMI Inc.
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Representative:
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Yoshihisa Kainuma
Representative Director, CEO & COO |
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(Code No. 6479, TSE Div. No. 1)
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Contact:
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Takayuki Ishikawa
General Manager
Corporate Communications Office
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Phone:
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+81-(0)3-6758-6703
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1. |
Purpose of the Transaction and Future Management Strategy
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(1) |
By taking full advantage of the customer base in Europe for aerospace-related business that has been cultivated for more than 50 years by MAB as well as of its know-how in the mechanical parts business to the maximum extent, MinebeaMitsumi will be able to accelerate the speed of expanding its European business. We expect to boost the sales of mechanical component products for aircraft and helicopters in particular.
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(2) |
MACPL’s production capacity in India is well fit for the offset production of airplanes to be purchased by India (certain percentage of Indian production exceeding the threshold is required), thereby helping us to acquire new business.
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We aim for the optimization of the supply chains for the aerospace-related business through the coordinated and mutual use of materials procurement routes by MAB, MACPL and the MinebeaMitsumi group companies, therein leading to the reduction of the lead time of procurement for the entire business group in addition to further cost reductions. On top of that, by way of the optimization of the manufacturing bases for the MinebeaMitsumi Group as a whole along with MAB and MACPL, the cost competitiveness of our products and those of MAB and MACPL is expected to improve.
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There will be further synergies to be generated outside of Europe through the expansion of our aerospace business
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(1) |
Company Name
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Mach Aero Bretigny Rectification SAS
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Location of Head Office
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2 Rue du Roussillon 91220 Bretigny-su-Orge France
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Name of representative
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Mr. Fabien Malonda
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Established in
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1965
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(5) |
Amount of capital
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5,000 thousand Euros ( approximately 656 million yen equivalent)
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Major line of business
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Sales and manufacture of precision machined components for aircraft
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Number of employees
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60 (as of December 31, 2016)
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(8) |
Production bases
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France (manufacturing bases)
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(9) |
Ownership
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Aero Finances Management SAS – 100%
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(10) |
Net sales
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22 million Euros (for the year ended December 31, 2016)
(approximately 2,800 million yen equivalent)
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Company Name
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Mach Aero Components Private Ltd.
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Location of Head Office
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98-99 Veerapura Village, Kassba-Hobli, Bangalore 561203 Bangalore, India
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Name of representative
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Mr. Fabien Malonda
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Established in
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2005
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(5) |
Amount of capital
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140 thousand Euros equivalent (as of December 31, 2016)
(approximately 18million yen equivalent)
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(6) |
Major line of business
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Sales and manufacture of precision machined components
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(7) |
Number of employees
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170 (as of December 31, 2016)
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(8) |
Production bases
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India (manufacturing bases)
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Ownership
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Aero Finance Management SAS-98.7%, Jean Malonda 1.3%
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(10) |
Net sales
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3 million Euros ( for the year ended December 31,2016)
(approximately 400million yen equivalent)
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