Amada completes acquisition of Miyachi Corporation
Amada Co. Ltd completed a takeover of Miyachi Corporation, a manufacturer of welding equipment and laser processing systems on March 21, 2013.
Monrovia, CA - Miyachi Unitek Corporation, a manufacturer of welding equipment and laser processing systems, announces that Amada Co., Ltd completed a takeover of Miyachi on March 21, 2013. Miyachi is now a consolidated subsidiary of Amada. The combined companies have formed a strong global alliance, and are expected to extend existing technology into new areas, collaborate on business systems, and better adjust to market fluctuations.
Amada Co., Ltd. a Japanese company headquartered in Isehara, Kanagawa, develops, manufactures, sell,s and services products and systems for metal sheet processing, metal cutting, pressing, and machine tooling. The company is listed on the Tokyo Stock Exchange (6113:Tokyo). It has 60 subsidiaries (17 in Japan and 43 overseas) and 6,467 employees. Its consolidated net sales for the fiscal year ending March 2012 was 186 billion Japanese yen.
“We are excited to move ahead with this collaborative relationship with Amada, and look forward to leveraging synergies to develop new technology and products, apply welding technology to other metal processing applications, and continuously enhance competitiveness,” said Dave Fawcett, President and CEO of Miyachi.
Miyachi Unitek, a leading manufacturer of equipment and systems for resistance welding, laser welding, laser marking, laser cutting, and hot bar reflow soldering and bonding, provides products to a wide range of markets, including the medical device, battery, electric vehicle, and solar industries, as well as the global electronics, automotive, and general industrial markets.