Asset Transfer Contract Concluded with Hitachi High-Tech Group for Surface Mounter Business
September 5, 2014
IWATA, September 5, 2014 – Yamaha Motor Co., Ltd. (Tokyo:7272) have today concluded a contract to partially transfer assets related to the surface mounter business owned by Hitachi High-Technologies Corporation and Hitachi High-Tech Instruments Co., Ltd. (hereinafter Hitachi High-Tech Group).
Background to the Asset Transfer
Yamaha Motor has been developing its surface mounter business with a focus on the multi-functional mounter market, and has gained a considerable presence in this market. In addition, we have released the high-speed mounter Z:TA in 2012 as well as the high-speed flexible mounter Z:LEX in 2014 in order to expand from the multi-functional mounter market to the high-speed mounter market and to develop a new customer base. The transfer of assets from Hitachi High-Tech Group will accelerate Yamaha Motor’s business strategy, and through this we intend to strengthen our technical foundations in the high-speed mounter market and create more opportunities for expanding our customer base, and ultimately expand our surface mounter business.
Assets Subject to Transfer
Hitachi Hi-Tech Group's Σ (Sigma) series and the maintenance-related assets for this series, etc.
Schedule
Date of Asset Transfer: February 1, 2015
Reference: Outline of the relevant companies
| Company Name | ： | Hitachi High-Technologies |
| Headquarters | ： | Nishishinbashi 1-24-14, Minato-ku, Tōkyō |
| Representative | ： | Masao Hisada, (Representative Executive Officer) President, Chief Executive Officer and Director |
| Established | ： | April 12, 1947 |
| Capital | ： | 7,938 million yen |
| Net Sales | ： | 639.1 billion yen (as at end of March 2014) |
| Employees | ： | 10,504 (including affiliates), 3,809 (not including affiliates) |
| Main Stockholder | ： | Hitachi, Ltd. (51.72%) |
| Business Operations | ： | Semiconductor manufacturing devices, chip mounters, FPD/hard disk related manufacturing devices, general purpose analysis equipment, evaluation devices, manufacture/sales/service of clinical analyzers, and sales of industrial/IT systems, industrial materials, electronic devices/materials, etc. |
| Company Name | ： | Hitachi High-Tech Instruments Co., Ltd. |
| Headquarters | ： | Menumanishi 1-6, Kumagaya-shi, Saitama-ken |
| Representative | ： | Katsuhiro Kawasaki, President |
| Established | ： | December 1, 1994 |
| Capital | ： | 450 million yen |
| Employees | ： | 296 |
| Main Stockholder | ： | Hitachi High-Technologies (100%) |
| Business Operations | ： | Mounting systems for electronic components, development/manufacturing/services for semiconductor mounting systems etc. |
