- Hitachi to sell stake in US air conditioning company Johnson Controls to Bosch - Hitachi has announced a further divestment of its non core businesses with the sale of its 40% stake in the joint venture it has with US company Johnson Controls to Bosch. Johnson Controls-Hitachi Air Conditioning has multiple operations in the EMEA region, including in Spain, UK, Bulgaria, France, Czech Republic, Hungary, Italy, Poland, Russia, Slovakia,...
- Yazaki acquires German JuHa Group - Japanese automotive parts supplier Yazaki has acquired the German mould maker Junker Halverscheid group via its Yazaki EMEA N.V. subsidiary. The family-owned company JuHa, is a manufacturer of tools and moulds for plastics processing as well as a producer of plastic parts for the automotive industry. It has around 200 employees in Lüdenscheid and has...
- Sekisui House UK to go into liquidation - Sekisui House UK, which was established in 2018, is to go into liquidation. The company had invested in Urban Splash House Holdings and also made a loan to one of the companies in the group, Port Loop. Seven of the companies in the Urban Splash group went into liquidation in 2022 including Urban Splash House...
- Kyokuyo acquires stakes in European seafood companies - Tokyo-listed seafood company Kyokuyo has bought a majority interest in Northseafood Holland as part of its strategy to establish an overseas processing presence. Its Kyokuyo Europe subsidiary, also Netherlands based, will acquire a majority stake in NSF Holding, the parent company of NS Holland. Kyokuyo also took a majority stake in Turkey’s Kocaman Fisheries Export...
- Sumitomo Electric Industries to acquire majority of Germany’s Südkabel - Sumitomo Electric will acquire 90% of the shares of Südkabel, a 120 year old cable manufacturer Mannheim, in order to fully localize the production and construction of high voltage direct current cable systems in Germany. The acquisition process is currently expected to be completed as of October 1st this year, subject to regulatory approvals. Two...
- Hitachi Energy to expand operations in Sweden - Hitachi Energy has announced it will invest $4.5bn in its Swedish and Indian operations over the next three years. Hitachi Energy is the product of Hitachi’s acquisition in 2020 of ABB’s power grids business. ABB was itself the product of the merger of the Swiss Brown, Boveri & Cie and the Swedish Allmänna Svenska Elektriska...
- Fujikura to close AFL Telecommunications Europe in UK - It has just been disclosed in their latest annual report that AFL Telecommunications Europe will close. The company manufactured and distributed fibre optic cables in Swindon, UK, employing nearly 100 people. AFL Telecommunications was acquired from Alcoa by America Fujikura in 2005. The decision to close was made in March 2024, and after consultation, it...
- Mitsubishi Materials to acquire German tungsten powder producer H.C. Starck - Mitsubishi Materials is to acquire Germany tungsten powder producer H.C. Starck Holdings from its current owner, Vietnamese conglomerate Masan for $134m. Tungsten is used in carbide tools for making auto engine and aircraft components and is already a product line for Mitsubishi Materials in the USA and China. It will become one of the largest...
- Asahi Kasei to acquire Swedish drugmaker Calliditas - Asahi Kasei has made a cash offer to acquire Sweden’s Calliditas Therapeutics in a deal worth 11.16 billion Swedish crowns ($1.06 billion). Calliditas has full FDA approval for its primary immunoglobulin A nephropathy (IgAN) treatment Tarpeyo and is listed on Nasdaq in New York and Stockholm. Asahi Kasei already owns several companies in Europe, employing...
- Top 30 Japanese companies in EMEA – not much growth in 2023 - We have finalised the Top 30 rankings for the largest Japanese employers in the Europe, Middle East and Africa region (free download below). As before, the extent to which Japanese companies take the UN Sustainable Development Goals pretty seriously has had a noticeably positive effect on disclosure of data and transparency. But there are still...
Last updated by Pernille Rudlin at .