2023

Dec.20, 2023

image:FASF

MINEBEA MITSUMI Inc.

Announcement of Acquisition of All Shares of RO-RA Aviation Systems GmbH

MINEBEA MITSUMI Inc. (the "Company") hereby announces that NMB-Minebea UK Ltd. ("NMB UK"), one of the European subsidiaries of the Company, has decided to acquire the shares of RO-RA Aviation Systems GmbH ("RORA") which is engaged in the sales and manufacture of link rod assemblies and precision machined components for aircraft, and entered into a share purchase agreement with the seller on December 19, 2023 (Austria Local Time).

1. Purpose of the Transaction and Future Management Strategy

The Company's basic strategy is to identify the products as its core business called the "Eight Spears" in which the Company can demonstrate its strength such as super-precision processing technologies and mass production technologies and which would not be easily eliminated from the market, and to provide the customers with new values by INTEGRATION*.

RORA is an Austrian company engaged in the sales and production of link rod assemblies and precision machined components. The link rod assembly consists of rod-end bearings which is one of MinebeaMitsumi's core products, swaged tubes which is one of RORA's core technologies. The link rod assemblies are widely used in aircrafts such as interior, structure and engine. Integration of MinebeaMitsumi and RORA will enable vertically integrated production of link rod assemblies, and it also enables MinebeaMitsumi to obtain a competitive advantage over the competition in terms of lead time, cost, and technical services. Specifically, MinebeaMitsumi performs serial production of rod-end bearings and swaged tubes in Thailand, and RORA mainly performs development, design, and sample production of link rod assemblies after the integration. In addition, MinebeaMitsumi global sales network can reach major regions (Europe and North America) consuming link rod assemblies.

Since it is expected that the global aerospace industry will have significant recovery from Covid-19 and growth potential in the context of booming demand, MinebeaMitsumi aims to enhance its profitability by way of expanding the sales of our products such as precision machining products including link rod assemblies.

* INTEGRATION means "combining" rather than "simple gathering." The Company will evolve its "core products" by combining and utilizing its proprietary technologies and will create new products in various fields through the INTEGRATON of the evolved products.

2. Outline of NMB-Minebea UK Ltd.

(As of December 20, 2023)
(1) Company nameNMB-Minebea UK Ltd.
(2) LocationDoddington Road, Lincoln, LN6 3RA, England, U.K.
(3) Title and name of representativeMark Stansfield, Managing Directors
(4) BusinessDesign, manufacture and sell rod-end and spherical bearings
(5) Amount of capital43,700 thousand pounds sterling
(6) Commenced operationsFebruary, 1988
(7) Fiscal year endMarch 31
(8) Major shareholders and shareholding ratioMINEBEA MITSUMI Inc.100.0%

3. Outline of the Company to Become a Subsidiary

(1) Company nameRO-RA Aviation Systems GmbH
(2) LocationGewerbepark 8, 4861 Schoerfling am Attersee, Austria
(3) Title and name of representativeHelmut Wiesenberger, Managing Directors
(4) BusinessDesign, manufacture and sell link rod assembly products for aerospace market
Design, manufacture and sell high precision machined parts for aerospace engines
(5) Amount of capital250 thousand Euros
(6) Date of establishmentFebruary 27, 2006
(7) Major shareholders and shareholding ratioAero Products Invest GmbH100.0%
(8) Relationship between the Company group and RORACapital relationshipNot applicable
Personnel relationshipNot applicable
Business relationshipCertain transactions involving products
Status applicable to related partiesNot applicable
(9) Operating results and financial position of RORA over 3 years
Fiscal Year EndFiscal Year ended
December 31, 2020
Fiscal Year ended
December 31, 2021
Fiscal Year ended
December 31, 2022
Sales21 million Euros18 million Euros28 million Euros

Other information about operating results or financial position than above cannot be disclosed under the confidentiality obligations between the parties.

4. Outline of the Company Selling the Shares

(1) LocationGermany
(2) BusinessEntering, holding and selling investments in companies as well as managing own assets
(3) Relationship between the Company group and the company selling the sharesCapital relationshipNot applicable
Personnel relationshipNot applicable
Business relationshipNot applicable
Status applicable to related partiesNot applicable

Other information about the company selling the shares than above cannot be disclosed under the confidentiality obligations between the parties.

5. Portion to be Acquired, Purchase Price, and Shareholdings Before and After the Acquisition

(1) Portion held by the Company before the transferPercentage of voting rights held: 0.0%
(2) Portion to be acquired by the Company100%
(3) Purchase priceNot disclosed under the confidentiality obligations between the parties
(4) Portion to be held by the Company after the transferPercentage of voting rights held: 100.0%

6. Schedule

(1) Execution date of the Share Purchase Agreement December 19, 2023 (Austria Local Time)
(2) Implementation date of the Acquisition of Shares (planned) December 20, 2023 (Austria Local Time)

7. Future Outlook

Impact of this transaction on the Company's consolidated business performance for the fiscal year ending March 31, 2024 is expected to be minimal. We will promptly disclose relevant information once any event that needs to be disclosed occurs.

8. Reference: An example of RORA's products

Reference: An example of RORA's products : Flap Track Rod

Flap Track Rod

###

Company Name: MINEBEA MITSUMI Inc.
Representative: Yoshihisa Kainuma
Representative Director, Chairman CEO
(Code No. 6479 TSE Prime Market)
Contact: Yasuo Komine
General Manager
Corporate Communications and Investor Relations Office
Phone: +81-(0)3-6758-6703
Information in the press releases is current on the date of the announcement.
Product information, contact and other context are subject to change without prior notice.

Back to Press Release List

Go back to top of this page

Follow Us

Twitter Youtube