OMRON Agreed Sale of OMRON Laserfront Inc.
July 5, 2018
July 5, 2018, Kyoto, Japan ----- OMRON Corporation (HQ: Shimogyo-Ku, Kyoto. CEO: Yoshihito Yamada) and TOWA Corporation, a leading company of semiconductor molding machines, today came to an agreement to transfer all those stocks of OMRON Laserfront Inc. (hereafter OLFT) owned by OMRON to TOWA. The stock transfer will be completed on August 1, 2018.
Background
OLFT is one of the affiliated companies of OMRON Corporation, specialized in manufacturing, sales and after-sale services of Laser Oscillators and Specialized Machine Tool equipped with laser oscillator including "Laser Trimmer" and "Wafer Marker". Especially, known as a leading supplier of Laser Trimmer, OLFT has a solid customer base in manufacturers of electronic parts and semiconductors. Towards the achievement of the long-term strategy, "VG2020," OMRON has been strengthening its business portfolio management while developing business growth cycle and enhancing profitability. Through this process, OMRON made a decision to transfer its share of stocks of OLFT to TOWA. By this deal, TOWA expects to generate business synergy both in existing and new business by incorporating laser related technology and equipment business of OLFT.Company Profile of OMRON Laserfront Inc.
Company Name: OMRON Laserfront Inc.
Business Outline: Development, Manufacturing, Sales and Related Services of Specialized Machine Tool equipped with laser oscillator
CEO: Mitsuo Kobayashi
Head Office: Sagamihara-Shi, Kanagawa Prefecture, JapanProfit Impact
The impact of this stock transfer on OMRON's financial performance will be minor for its consolidated and non-consolidated business results for the fiscal year ending March 31, 2019.
About OMRON Corporation
OMRON Corporation is a global leader in the field of automation based on its core technology of "Sensing & Control + Think." Established in 1933, OMRON has about 36,000 employees worldwide, working to provide products and services in 117 countries. The company's business fields cover a broad spectrum, ranging from industrial automation and electronic components to automotive electronics, social infrastructure systems, healthcare, and environmental solutions. For more information, visit OMRON's website: https://www.omron.com/.
About TOWA CORPARATION
TOWA CORPARATION, as a solution company in the business field of semiconductor packaging where the most advanced technology in the world is required, mainly develops, manufactures, supplies semiconductor molding equipment and molds, and also provides after sales services for the equipment and molds.
In semiconductor business, technology innovation is always required. TOWA started its business in 1979 and so far has developed the cutting edge technology and built firm relationship with the customers as a technical partner. To achieve this, TOWA has been taking advantage of its core and leading technology relating to ultra-precision mold and developing equipment and molds that goes a quarter ahead of customer needs.
For more information, please refer to the company website
(http://www.towajapan.co.jp).
- Contact (media):
- Brand Communications Department
OMRON Corporation
Tel: +81-75-344-7175
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