Miniature men standing on a pile of yen

Japan and Europe business update May 2026

Washin acquires UK company Foilco

Japanese foil manufacturer Washin has acquired UK foil hot stamping company Foilco. Foilco employs 43 people in the UK.

https://www.printweek.com/content/news/foilco-acquired-by-japanese-manufacturer

UK’s Compass Group acquires Morinaga Shokken

Morinaga Shokken is a medical and senior food services company primarily in the Kyushu region. UK-based Compass Group is already one of the largest British companies in Japan, through its acquisition of Japanese food service company NKS in 2012.

https://www.freshfields.com/en/our-thinking/news/news-search/2026/04/freshfields-advises-compass-group-japan-on-its-acquisition-of-morinaga-shokken

Subsidiary of Marubeni acquires Spain’s Factor Energia

SmartestEnergy, the British energy subsidiary of Japanese conglomerate Marubeni Corporation, has closed the acquisition of a majority stake in Spain’s Factor Energia for 204 million euros. Factor Energia procures electric power and gas for sale to households and businesses in Spain, Portugal, Mexico, Brazil and other markets. It has around 400 employees.

https://www.smartestenergy.com/en_GB/insights/news-and-blogs/smartestenergy-expands-global-acquisition-of-factor-energia-s.a

Bearings company NSK to merge with NTN

NSK already planned to reduce European workforce by 1000 – 600 in FY 2024, 400 in FY 2025. NSK has around 3,000 employees in Europe in FY23 – a large proportion in Poland and also the UK. NTN has around 5,000 employees in Europe (down from 5470 FY2020) – a large proportion of whom are in France due to NTN’s acquisition of SNR Roulements in 2010.

NSK and NTN Announce Historic Memorandum for Business Integration

Swedish private equity firm plans to acquire owner of Tabelog restaurant site

Swedish private equity firm EQT has announced plans to acquire Kakaku.com, the company behind the popular Tabelog restaurant review and booking platform, in a deal expected to be valued around ¥590 billion ($3.74 billion). Kakaku also operates job search platform Kyujin Box. The parent company was founded in 1997.

https://eqtgroup.com/news/eqt-to-launch-tender-offer-to-privatize-kakakucom-2026-05-12

EQT has already made offers for Fujitec, CareNet and Mamezo in Japan.

Panasonic Holdings acquires UK company Hive Media Control

The Panasonic Projector & Display subsidiary of Panasonic Holdings, bought all issued shares of Hive Media Control on May 11 for an estimated 1 billion to 2 billion yen ($6.3 million to $12.6 million). The move comes after a planned 2025 sale of the subsidiary collapsed.

Hive manufactures and sells media servers, devices that transmit image and video data to projectors and other equipment. Its technology projects images that surround the viewer and allow immersive video content. The company, founded in 2017, has annual sales around £2.5m. It employs 6 people in the UK.

https://news.panasonic.com/global/press/en260519-3

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