Hagiwara Electric Holdings Co., Ltd. completed the acquisition of Osaki Engineering Co., Ltd. from Osaki Electric Co., Ltd..
September 29, 2022
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Hagiwara Electric Holdings Co., Ltd. (TSE:7467) agreed to acquire Osaki Engineering Co., Ltd. from Osaki Electric Co., Ltd. (TSE:6644) for ¥1.76 billion on August 25, 2022. As per the terms, Hagiwara Electric Holdings will acquire 5,167,120 shares of Osaki Engineering. The acquisition is expected to close on September 30, 2022. The cash generated from the share transfer will be effectively used to grow the smart meters & solutions business, which is the Group's core business.
Hagiwara Electric Holdings Co., Ltd. (TSE:7467) completed the acquisition of Osaki Engineering Co., Ltd. from Osaki Electric Co., Ltd. (TSE:6644) on September 30, 2022. In addition, a resolution was passed to change the trade name to Hagiwara Engineering Co., Ltd.
HAGIWARA ELECTRIC CO., LTD is mainly engaged in the sale of electronic components. The Company operates in two business segments. The Device Business Unit segment sells semiconductors and electronic components, mainly for automobile related companies, support for embedded software / hardware development, technical support such as custom LSI. The Solution Business Unit segment, in addition to proposing to build IT platform infrastructure from sales of information technology (IT) equipment, measurement equipment and embedded equipment, it is also engaged in the design, manufacture and sale of FA system and special measuring system, as well as the industrial computers.
HAGIWARA ELECTRIC HOLDINGS CO., LTD. 
