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Yamaha Motor to delist YMRH
Posted on Thursday, 13 February 2020 11:41
Yamaha Motor is fully consolidating Yamaha Motor Robotics Holdings (YMRH) by acquiring the remaining 41.0 per cent not already held in the semiconductor and electronic device holding company for JPY 13.65 billion (USD 124.12 million).
The Japanese motorcycles, marine products, power products and intelligent machinery manufacturer is proposing to take the listed subsidiary private at a price of JPY 750.00 apiece.
Its tender offer for the remaining 18.20 million shares not already owned will run from 13th February to 10th April.
YMRH was formed in the middle of last year as a post-processing semiconductor turnkey provider when Yamaha Motor acquired and integrated Shinkawa and APIC Yamada.
The holding company is mainly involved in the making and sale of chip manufacturing equipment and electronic component makers, though it also offers installation, maintenance and repair services for its products.
Yamaha Motor’s public takeover is part of its long-term growth strategy and 2019-21 management plan to restructure its business and production bases.
YMRH, as a wholly-owned subsidiary, would be better positioned to respond to sector changes, particularly given the increasing growth of the Internet of Things, artificial intelligence and big data segments.
Overseas semiconductor manufacturers are squeezing out those based in Japan; together, they can leverage each other’s strengths - mutually using customer and technical bases - to claw back market share.
Zephyr, the M&A database published by Bureau van Dijk, shows 117 deals targeting the semiconductor and other electronic component manufacturing segment have been announced in 2020 to date.
It also indicates eight public takeovers of Japanese companies have been signed off so far this year, including Hitachi’s USD 4.88 billion purchase of the remaining 48.3 per cent of Hitachi High-Technologies.
Other targets comprise Showa Aircraft Industry and Sogo Medical Holdings.
© Zephus Ltd