Nissha : Notice Regarding Completion of Equity Acquisition (Subsidiary Acquisition) of Isometric Intermediate, LLC and All Subsidiaries Thereto
March 04, 2024 at 01:06 am EST
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Nissha Co., Ltd. (hereinafter "the Company") hereby announces that our consolidated subsidiary Nissha Medical Technologies (hereinafter "NMT") has acquired the majority equity of Isometric Intermediate LLC on March 1, 2024. Following the acquisition, Isometric Intermediate LLC and its related group companies (hereinafter "Isometric") have become subsidiaries of the Company. Isometric utilizes proprietary tooling and process technologies to achieve single micron tolerances of micro injection mold components for medical device and pharmaceutical markets.
The Company and NMT recognize the immense growth potential within the CDMO market for medical devices and have focused our efforts on it as a key area for expansion. Our goal is to expand our pipeline by fortifying and broadening our capabilities to respond to the ever-evolving landscape of medical device innovation, particularly in the realm of minimally invasive surgical instruments, and explore exciting new possibilities in areas like surgical robotics. Through this equity partnership, we offer significant innovation opportunities of medical devices by acquiring Isometric's design for excellence (DfX) capabilities for component miniaturization, as well as processing technologies such as silicone and micro two-shot molding.
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Nissha Co.,Ltd., is a Japan-based company mainly engaged in the planning, development, production and sale of industrial materials, devices, medical technology, information and communication and others. It operates through four business segments. Industrial Materials segment produces and sells decorative films, molds, molded product and metallized paper. Device segment is engaged in manufacture and sale of film touch sensors, gas sensors and input devices. Medical Technology segment is engaged in the production and sale of medical electrodes and surgical instruments for medical institutions, and the contract manufacturing for medical device manufacturers. Information Communication segment is involved in the planning, production and sale of products and services such as publication printing, commercial printing, art solutions, and sales promotions. It is also engaged in the business of green space management, industrial waste separation collection and transportation, and security.
NISSHA CO., LTD. 
