Takebishi Corporation completed the acquisition of Umezawa Musen Denki Co.,Ltd. from Mitsubishi Electric Corporation, Sansei Technos Co.,Ltd., Tachibana Eletech Co. Ltd., Hideyuki Umezawa and other shareholders.
April 29, 2020
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Takebishi Corporation (TSE:7510) signed a contract to acquire Umezawa Musen Denki Co.,Ltd. from Mitsubishi Electric Corporation (TSE:6503), Sansei Technos Co.,Ltd., Tachibana Eletech Co. Ltd. (TSE:8159), Hideyuki Umezawa and other shareholders on March 30, 2020. For the year ended March 31, 2019, Umezawa Musen Denki Co.,Ltd. reported total revenue of ¥83.38 billion. The transaction is expected to be completed on April 1, 2020.
Takebishi Corporation (TSE:7510) completed the acquisition of Umezawa Musen Denki Co.,Ltd. from Mitsubishi Electric Corporation (TSE:6503), Sansei Technos Co.,Ltd., Tachibana Eletech Co. Ltd. (TSE:8159), Hideyuki Umezawa and other shareholders in April 2020.
TAKEBISHI CORPORATION is a Japan-based company mainly engaged in the sale of industrial equipment and systems, semiconductor devices, social infrastructure equipment, information and communication equipment, as well as the development of software. The Company operates through two business segments. The Factory Automation (FA) and Device segment is mainly engaged in the sale of industrial equipment and systems, semiconductors and devices, as well as the development of software. The Social and Information Communication segment is mainly engaged in the sale of cooling and heating equipment, building equipment, heavy power equipment, electronic medical equipment and other social infrastructure equipment, mobile phone and other information communication equipment, as well as the development of software. The Company is also engaged in the logistics business, maintenance business, and construction businesses.
Takebishi Corporation completed the acquisition of Umezawa Musen Denki Co.,Ltd. from Mitsubishi Electric Corporation, Sansei Technos Co.,Ltd., Tachibana Eletech Co. Ltd., Hideyuki Umezawa and other shareholders.