MISHIMA, JAPAN – January 2024 – Riso has agreed to acquire Toshiba’s Inkjet Head Divison in a deal that is set to close in July.The two Japanese manufacturers are existing partners and Riso already uses Toshiba Tec printheads. Toshiba Tec’s inkjet head technologies are used for printing applications including wide-format, labels, packaging and corrugated printing.
Riso said the deal would help it to achieve its ‘Vision 25’ goals, including expanding its inkjet business. Riso says that the newly added precision parts business would enable Riso to expand the ranges of our original technology and business.Around 200 employees will join Riso as a result of the deal, which also involves additional R&D and production sites in Mishima City,Japan.
Key Details of the Transaction
Date of Agreement: December 22, 2023
Nature of Acquisition: RISO will establish a new subsidiary to absorb the inkjet head business from Toshiba Tec and its consolidated subsidiary, Tec Precision Co., Ltd.
Financials: The new subsidiary will transfer approximately JPY 7,120 million to Toshiba Tec and TPI as consideration for the acquisition.
Operational Transfer: The new subsidiary will inherit the assets, liabilities, and operational frameworks of the inkjet head business.
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