Recently, Hitachi Corporation (Hitachi) signed an equity transfer agreement with MAX Management GmbH, in which Hitachi plans to acquire all shares of MA micro automation GmbH for 71.5 million euros (approximately 11.9 billion yen). After obtaining approval from regulatory authorities in various countries, this transaction plan will be completed in the second half of 2024.
Announcement information display, MAX Automation announced the sale of MA micro automation in September 2023. The price for selling MA micro automation ranges from 71.5 to 76.5 million euros, and the actual transaction price depends on the performance of MA micro automation in the 2024 fiscal year.
MAX Automation claims that considering MA micro automation's weak operating performance in the 2023 fiscal year (revenue decreased by 28% year-on-year, EBITDA decreased by 17% year-on-year), and the possibility of further deterioration in the 2024 fiscal year due to weakened order momentum (eNuW), the company believes that the acquisition price offered by Hitachi is attractive.
MAX Automation plans to use the proceeds of the transaction to repay its liabilities (at the end of fiscal year 2023, 120.8 million euros).
MA micro automation, founded in 2003, is mainly engaged in automated production line construction business (robot SI business) including high-speed linear transportation system, high-precision assembly and high-speed image inspection technology. Relying on the latest high-speed and high-precision automation technology and optical image inspection technology, the company is actively exploring the market of medical supplies such as contact lenses, in vitro diagnostics and diagnostic consumables for diabetes in the manufacturing, assembly and testing links. The main markets of MA micro automation are concentrated in Europe, North America, and Southeast Asia. JR Automation Technologies provides intelligent automated manufacturing technology and solutions for automobiles, life sciences, and more, with over 20 locations in North America, Europe, and Southeast Asia. At the end of April 2019, Hitachi announced the acquisition of JR Automation for a transaction amount of $1.425 billion.
After the completion of this transaction, JR Automation will gain MA micro automation's business foundation in Europe and its influence in the medical field, and will jointly expand its business globally.
From JR Automation and MA micro automation's robot SI as the core, to Hitachi's acquisition of Flexware Innovation in August 2022, From Inc.'s MES to Hitachi Digital Services' ERP and GlobalLogic's digital engineering, then to JR Automation and MA micro automation, and Hitachi Automation, which operates in Japan, Hitachi's goal is to become a global leader in the robotics SI business.
Recently, Hitachi Corporation (Hitachi) signed an equity transfer agreement with MAX Management GmbH, in which Hitachi plans to acquire all shares of MA micro automation GmbH for 71.5 million euros (approximately 11.9 billion yen). After obtaining approval from regulatory authorities in various countries, this transaction plan will be completed in the second half of 2024.
Announcement information display, MAX Automation announced the sale of MA micro automation in September 2023. The price for selling MA micro automation ranges from 71.5 to 76.5 million euros, and the actual transaction price depends on the performance of MA micro automation in the 2024 fiscal year.
MAX Automation claims that considering MA micro automation's weak operating performance in the 2023 fiscal year (revenue decreased by 28% year-on-year, EBITDA decreased by 17% year-on-year), and the possibility of further deterioration in the 2024 fiscal year due to weakened order momentum (eNuW), the company believes that the acquisition price offered by Hitachi is attractive.
MAX Automation plans to use the proceeds of the transaction to repay its liabilities (at the end of fiscal year 2023, 120.8 million euros).
MA micro automation, founded in 2003, is mainly engaged in automated production line construction business (robot SI business) including high-speed linear transportation system, high-precision assembly and high-speed image inspection technology. Relying on the latest high-speed and high-precision automation technology and optical image inspection technology, the company is actively exploring the market of medical supplies such as contact lenses, in vitro diagnostics and diagnostic consumables for diabetes in the manufacturing, assembly and testing links. The main markets of MA micro automation are concentrated in Europe, North America, and Southeast Asia. JR Automation Technologies provides intelligent automated manufacturing technology and solutions for automobiles, life sciences, and more, with over 20 locations in North America, Europe, and Southeast Asia. At the end of April 2019, Hitachi announced the acquisition of JR Automation for a transaction amount of $1.425 billion.
After the completion of this transaction, JR Automation will gain MA micro automation's business foundation in Europe and its influence in the medical field, and will jointly expand its business globally.
From JR Automation and MA micro automation's robot SI as the core, to Hitachi's acquisition of Flexware Innovation in August 2022, From Inc.'s MES to Hitachi Digital Services' ERP and GlobalLogic's digital engineering, then to JR Automation and MA micro automation, and Hitachi Automation, which operates in Japan, Hitachi's goal is to become a global leader in the robotics SI business.