trending Market Intelligence /marketintelligence/en/news-insights/trending/oi0q0xbuzm3z2az65bg74a2 content esgSubNav
In This List

Kaga Electronics to acquire Fujitsu Electronics

Blog

Q&A: U.S. Battery Storage and Global Battery Metals Trends Webinar

Blog

Greenhouse gas and gold mines - Emissions intensities unaffected by lockdowns

CASE STUDY

A Trade Finance Firm Ups Its Game With Supply Chain Intelligence

Blog

Corporate and Municipal CUSIP Request Volumes Slow in August


Kaga Electronics to acquire Fujitsu Electronics

Kaga Electronics Co. Ltd. will acquire a 70% stake in Fujitsu Electronics Inc. from Fujitsu Ltd. unit Fujitsu Semiconductor Ltd. and intends to take over the remaining 30% shareholding by the end of 2021.

The first phase of the transaction, which entails the transfer of the 70% stake in Fujitsu Electronics to Kaga Electronics, is expected to close Jan. 1, 2019, subject to relevant regulatory approvals and other customary closing conditions. The remaining 30% stake will be transferred in two phases, scheduled to take place Dec. 28, 2020, and Dec. 28, 2021, respectively.

The total acquisition price, including advisory and other fees, is currently estimated at about ¥20.54 billion, Kaga Electronics said in a Sept. 10 notice. Kaga Electronics expects to fund the transaction via cash in hand and new bridge loans.

For the present, Fujitsu Electronics will retain its trading name and continue to offer its existing products.

Shares in Kaga Electronics were trading 5.84% higher as of 1:36 p.m. Tokyo time on Sept. 11, while shares in Fujitsu were down 0.60%.

As of Sept. 10, US$1 was equivalent to ¥111.14.