Nikon : enters agreement for business transfer of Coordinate Measuring Machines business
February 08, 2018 at 01:15 am EST
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February 8, 2018
Nikon Corporation (Kazuo Ushida, President, Tokyo, hereinafter refer to as 'Nikon') has accepted an agreement for the business transfer of CMM business* between consolidated subsidiary of Nikon Corporation, Nikon Metrology NV (Hajime Kosawa, CEO, Belgium) and ASF Metrology s.r.l. (Angelo Muscarella, Director, Italy, hereinafter refer to as 'ASF'). The transaction is expected to be closed within 2 months.
*CMM Business: Development, manufacture, sales, and service of Coordinate Measuring Machines
1. Background of Agreement
Nikon's CMM solutions enable customers in the automotive and aerospace industries to optimize their inspection processes and improve product quality. As a part of the companywide restructuring plan, announced in November 2016, and a strategic product review, Nikon has decided to focus on optical 3D Metrology and X-ray/CT inspection systems solutions.
ASF, with their experience in the CMM market, will contribute to the expansion of the customer base. The agreement will allow both companies to focus on a more efficient growth strategy for each of their respective businesses.
2. Overview of Agreement
Business
CMM (ALTERA series, LK series, CAMIO software)
Transfer to
ASF Metrology s.r.l.
3. Corporate Profile of ASF
Corporate Name
ASF Metrology s.r.l.
Head Office
Corso Giuseppe Siccardi 11/bis, 10122 Turin, Italy
Representative
Director, Angelo Muscarella
Business Description
Sales and Service of Measuring Instruments
Capital
100,000 EUR
Date of Establishment
March 20, 2006
4. Schedule
Signing the Agreement
February 8, 2018
Receipt put option for France*
February 8, 2018
Closing of the transaction (for all countries) is to be expected within 2 months.
*The CMM business in France is subject to a put option, in accordance with specific French regulations (Loi Hamon). Under French law a company can only agree to transfer its business to a potential buyer after it has given the opportunity to its employees to also make an offer to buy the business at stake. Nikon is committed to ensure compliance with all applicable regulations.
Nikon Corporation published this content on 08 February 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 February 2018 06:14:08 UTC.
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Nikon Corporation specializes in the design, manufacturing and marketing of photographic and optic equipments. Net sales break down by family of products as follows:
- precision industrial equipments (39.1%): scanners, LCD steppers, lithography systems, etc.;
- imaging equipments (33%): especially cameras and camcorders;
- diagnostic instruments, microscopes and retinal imaging devices (13.6%);
- optical components (7.6%);
- other (6.7%): industrial measuring instruments, ophthalmic lenses, binoculars, telescopes, magnifiers, etc.
Net sales break down geographically as follows: Japan (18.2%), China (28.4%), the United States (24%), Europe (13.4%) and other (16%).