DENSO Acquires Full Stake in Certhon Group, a Greenhouse Provider Based in the Netherlands

Aug 1, 2023 | Business

DENSO Corporation has announced that it has acquired the full stake in Certhon Group, a Dutch horticultural facility operator, with the aim of accelerating the global expansion of its agricultural production business.
In recent years, climate change and a decrease in the number of people taking up farming have led to unstable agricultural production, and the need to develop a stable and sustainable agricultural production system through the establishment of a climate-independent cultivation environment and the reduction of labor shortages and heavy workload. To solve these various issues in the food and agriculture field, DENSO and Certhon formed a capital alliance in March 2020, and in May of the same year jointly established DENSO AgriTech Solutions, Inc., which sells horticultural facility products to Japan and other Asian countries. Since then, the two companies have been involved in sales of agricultural greenhouses suited to each region of the world and have jointly developed solutions to solve future labor shortages.

Now, with the acquisition of all shares of Certhon by DENSO, the two companies will further accelerate their efforts to solve global food challenges by leveraging the strengths of both companies and the results of their past collaboration. With a history of more than 125 years, Certhon is a leading company renowned for its world-class advanced technologies in horticulture. The company excels not only in the development of solutions tailored to diverse customers, but also in integration capabilities that combine multiple systems to make optimal proposals. As a member of the DENSO Group, Certhon aims to develop innovative farm models that will change the way agriculture is conducted and to globally deploy solutions that meet regional characteristics and needs by combining DENSO’s process design and automation technologies developed in the automotive field with Certhon’s cultivation technologies and horticultural system technologies.

DENSO will continue to work towards solving social issues in the agricultural and food sectors and strive to provide new value by establishing a food value chain business encompassing production, distribution, and consumption.

Hidehiro Yokoo, Senior Executive Officer in charge of the Food Value Chain Business Development Division at DENSO, said, “Through the complete acquisition of Certhon, we will accelerate our efforts to solve global food and agricultural challenges. We firmly believe that Certhon is a unique partner with shared values and complementary technologies, and together we will continue to grow. DENSO will continue to collaborate with Certhon to provide solutions that deliver food safety and security, anytime, anywhere, and to anyone, forever.”

“DENSO has an international network and a strong reputation for developing cutting-edge technology and we look forward to further shaping the ground-breaking collaboration,” said Lotte van Rijn, General Director of Certhon. “DENSO’s investment ensures that we can maintain continuity for our employees, customers and suppliers, also in the future. It provides opportunities that are essential for a company like Certhon, which always wants to push the boundaries of quality and innovation.”

For more information, visit www.denso.com/global/en/news/newsroom/2023/20230801-g01/.


Topic: Press release summary

Japan – MHI Acquires Concentric, LLC: The North American Leader in Power Management Solutions for Material Handling, Data Center and Utility Customers

Jul 8, 2023 | Business

Mitsubishi Heavy Industries, Ltd. (MHI), one of the world’s foremost industrial groups leading the way in clean energy, today announced the acquisition of Concentric, LLC (Concentric), a top provider of industrial power solutions in North America. MHI has signed an agreement with OnPoint Group to acquire all outstanding membership interests of Concentric for an undisclosed consideration.

Dr. Hitoshi Kaguchi, Senior Executive Vice President at MHI said: “We are delighted to add Concentric to our growing portfolio for Smart Infrastructure Solutions. Combining MHI’s technology capabilities with an experienced national service provider immediately benefits facilities across North America, and provides us with a platform to serve the globe. All facilities from data centers to logistics and manufacturing factories must be able to maintain sustainable, uninterruptible power in order to remain competitive in the 21st century.”

Founded in 2000 and headquartered in Carrolton, Texas, Concentric is the only full-lifecycle power solution provider with a truly national footprint. The company’s trademark offerings such as GuaranteedPOWER and PerpetualPOWER – have a proven track record in providing value, to a long-term blue-chip client base. Guided by its technician-focused culture, Concentric provides innovative critical power systems for data centers, telecommunications, utilities, and commercial facilities, as well as motive power solutions for electric forklifts, automated guided vehicles, and airline ground support equipment.

John Winter, Chief Operating Officer at Concentric said: “We have spent the last two decades building no-interruption power and equipment services for material handling and critical power customers across North America. Joining the MHI group accelerates Concentric’s mission to bring sustainable, proactive power systems and maintenance to facility leaders nationwide. Our forklift power customers have been converging towards energy storage for years. MHI’s capabilities, including their cooling technologies and zero emission power generation systems, ensure our team is ready to serve their needs and achieve growth across the data center market. We have a shared vision to build the most advanced, clean and efficient power solutions.”

About Mitsubishi Heavy Industries Group

Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world.
For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.

About Concentric

Concentric is the national leader in DC power management and maintenance for the material handling and critical power industries. The company’s signature solution, GuaranteedPOWER – is an industry-first, enabling leading facilities from manufacturers, distributors to data centers to improve safety and consistency through a fixed cost program delivering 30% average total cost savings. Concentric partners with both facility and corporate teams, helping them find a better way to manage consistency across the nation as they design, integrate and operate their forklift power, maintenance, energy storage and critical power solutions. Learn more at concentricusa.com.

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.

DIC Corporation Acquires Photoresist Polymers Manufacturer PCAS Canada

Jun 2, 2023 | Business

TOKYO – WEBWIRE –

DIC Corporationhas acquired 100% of the shares of Quebec-based PCAS Canada Inc. from French based company PCAS S.A., which manufactures and sells polymers used in photoresists for semiconductor photolithography.

The semiconductor market is growing worldwide and its importance is increasing with the development and proliferation of the Internet of Things (IoT), big data, artificial intelligence and other advanced information technologies. In this environment, DICwhich seeks to contribute to a society that is increasingly digital, as set forth in its DIC Vision 2030 long-term management planhas positioned expanding its lineup of photoresist* materials, which are indispensable to semiconductor fabrication, as a key strategy in the area of products for digital applications and is promoting the development of state-of-the-art photoresist polymers.

PCAS Canada, which has a manufacturing site southeast of Montreal, boasts outstanding production technologies and mass production know-how, and excels in delivering photoresist materials with the superior purity and low metal content required for use in semiconductor photolithography. DIC is confident that the combination of these production technologies with its own synthesis technologies, a key strength, will enhance its ability to respond to the needs of the semiconductor industry, which continues to be driven by technological progress, thus further contributing to digital innovation.

PCAS Canada has since been renamed Innovation DIC Chimitroniques Inc. (English company name: Innovation DIC Chemitronics Inc.). Looking forward, DIC will work to expedite the companys development of products for cutting-edge processes, make capital investments to strengthen its supply capabilities, and create a corporate organization suited to the needs of DIC Group customers in both North America and Asia. Through these efforts, DIC will continue to supply materials that underpin the growth and evolution of the semiconductor industry.

Profile of the Acquired Company

Company name:PCAS Canada Inc. (since renamed Innovation DIC Chimitroniques Inc.)

Corporate headquarters:Saint-Jean-sur-Richelieu, Quebec, Canada

Year of establishment:1989

Annual Net Sales:CAD$32 million (fiscal year 2022 result)

Number of employees:87 (as of March 31, 2023)

Principal operations:Manufacture and sale of polymers used in photoresists for semiconductor photolithography

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* Photoresist is a photosensitive material essential to the production of semiconductors and displays. Photoresist is coated on a substrate to protect selected areas. Light is then used to transfer a pattern from an optical mask to the coated substrate. In semiconductor photolithography, photoresists are crucial to the formation of fine electronic circuits on silicon wafers.

Photoresist polymers are special polymers that are one of the main components of photoresists. The properties of these polymers facilitate the creation of fine patterns on silicon wafers, enabling the manufacture of sophisticated electronics devices.

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About DIC Corporation

DIC Corporation is one of the worlds leading fine chemicals companies and the core of the DIC Group, a multinational organization comprising over 190 companies, including Sun Chemical Corporation, in more than 60 countries and territories. The DIC Group is recognized as a global leader in the markets for a variety of products essential to modern lifestyles, including packaging materials, display materials such as those used in television and computer displays, and high-performance materials for smartphones and other digital devices, as well as for automobiles. With annual consolidated net sales exceeding 1 trillion and 22,000-plus employees worldwide, we pledge to continue working in close cooperation with our customers wherever they are.

Website:https://www.dic-global.com/en/

Fushi acquires Ascentis as part of its expansion into Southeast Asia

May 18, 2023 | Business

Fushi Technology (Shenzhen) Co., Ltd (“Fushi”) is delighted to announce its acquisition of Ascentis Pte Ltd (“Ascentis”), a leading Customer Relationship Management (“CRM”) and eCommerce SaaS solutions provider in Southeast Asia. With this acquisition, Fushi is Ascentis’ controlling shareholder, and it marks a significant milestone in Fushi’s globalization strategy.

Founded in 2003, Ascentis is headquartered in Singapore, with six offices in Southeast Asia. Ascentis specializes in CRM and eCommerce and has successfully implemented its SaaS solutions across 13 countries in the region. Its solutions focus on helping businesses create a seamless Online-to-Offline (“O2O”) customer experience and journey that is both engaging and rewarding. Some of Ascentis’ clients include Far East Organization, Lendlease, Singtel, Starbucks, and Sunway Group.

“Acquiring Ascentis will expedite Fushi’s globalization strategy and expand its business into the growing Southeast Asia market,” said Fushi. “Ascentis’ O2O solutions, once integrated with Fushi’s point of sale, Artificial Intelligence (“AI”) lab, digital payment, and game center, will greatly enhance the group’s offerings and ambitions to create smart Retail and F&B ecosystems for our customers. This becomes even more exciting when the ecosystem is integrated with the smart logistics and supply chain management solutions from Y3 Technologies, who is also a global strategic partner of Fushi.”

This acquisition is a pivotal change for Ascentis, according to Bryan Tan, founder of Ascentis. “Fushi’s technologies not only accelerate our plans to expand into more markets, but more importantly, it now completes our vision to offer a truly integrated, smart, and automated platform with capabilities in cashiering, digital payment, rewards, customer engagement, and smart logistics.”

Fushi is dedicated to providing merchants with end-to-end SaaS solutions and aims to become the largest one-stop digital services platform for merchants in China and Southeast Asia. Since its establishment in 2016, Fushi Technology’s 500-strong R&D team has been deepening and expanding its SaaS services in retail and F&B with products such as POS, QR code menu ordering, mini-programs, artificial intelligence, digital payment, and game center.


Topic: Press release summary

Sectors: Cards & Payments, Cloud & Enterprise

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From the Asia Corporate News Network

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Burberry acquires business from technical outerwear supplier

Mar 29, 2023 | Business

WEBWIRE –

Burberry announces that it has entered into an agreement to acquire a business from longstanding Italian supplier, Pattern SpA.

For almost two decades, Burberry has partnered with Pattern to produce luxury ready-to-wear including quilts and downs at the Italian companys product development site in Turin, Italy. With this investment, Burberry will secure capacity, build technical outerwear capability and further embed sustainability into its value chain. The acquisition will complement Burberrys historic manufacturing centres in Yorkshire, UK, where it will continue to weave gabardine and make the British luxury brands iconic heritage trench coat, and invest in its operations. It follows the successful integration of Burberrys leather goods hub in Florence, Italy.

Approximately 70 of Patterns employees in Turin will join Burberry on completion of the acquisition, expected later this year. Pattern will continue to operate the parts of the business not included in the transaction.

Jonathan Akeroyd, CEO, commented: This strategic investment is an important next step in bringing our outerwear category to full potential. It will enhance our capabilities, building on our strong foundations in the UK, and provide greater control over the quality, delivery and sustainability of our products. Its an exciting development and I am delighted to welcome our new colleagues on board.

Notes

  • Burberrys newly acquired operations will remain at the current site in Turin, Italy
  • This acquisition includes employees, equipment and inventory
  • The agreed price is EUR 21m subject to closing conditions and standard adjustments
  • Burberrys iconic heritage trench coats will continue to be woven and manufactured in the UK, where it will continue to invest in its capabilities
  • Both Burberry and Pattern share an enduring commitment to sustainability. All of the electricity Pattern uses at its sites is from renewable sources, and the company is on track to achieve carbon neutrality at its Turin site in 2023

About Burberry

  • Founded in 1856, Burberry is a British luxury brand, headquartered in London
  • Burberry is listed on the London Stock Exchange (BRBY.L) and is a constituent of the FTSE 100 index. Its ADR symbol is OTC:BURBY
  • BURBERRY, the Equestrian Knight Device, the Burberry Check and the Thomas Burberry Monogram and Print are trademarks belonging to Burberry