Wednesday, September 12, 2018
Kaga Electronics is to buy 70% of Fujitsu Electronics Inc. (FEI) from Fujitsu Semiconductor (FSL) and plans to also acquire the remaining 30% shares held by FSL by the end of 2021.
Kaga has been expanding its EMS business. The acquisition of FEI is part of the effort find growth.
For the present, FEI will retain its trade name “Fujitsu Electronics Inc.”
“Kaga Electronics activities range from the Electronic Parts and Semiconductor business where it distributes electronic parts and semiconductors by leveraging its expertise in the segment, the EMS business where it has a competitive advantage in high-mix low-volume production, to the Information Equipment business and New business where it supports to customers in planning, development and design of their products, creation of software/video images, provision of network solutions and other system support services,” says Kaga CEO Ryoichi Kado (pictured), “by welcoming FEI into our group, Kaga Electronics evolves into a corporate group with total net sales of about 500 billion yen.”
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