Ito Co., Ltd. signed a contract to acquire Medical/Health Equipment Production & Sales Business Division from Hirose Electric Co.,Ltd.
December 27, 2018
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Ito Co., Ltd. signed a contract to acquire Medical/Health Equipment Production & Sales Business Division from Hirose Electric Co.,Ltd. on December 27, 2018. As of March 31, 2018, Medical/Health Equipment Production & Sales Business Division reported sales of ¥ 314 million and operating income of ¥94 million. The transaction has been resolved by the Board of Directors of Hirose Electric. The transaction is expected to be completed on January 31, 2019.
Hirose Electric Co Ltd is a Japan-based company mainly engaged in manufacture and sale of multi-pole connectors, coaxial connectors, and other electronic components. The Company operates through two business segments. The Multi-Pole Connector segment is engaged in the manufacture and sale of round connectors, square connectors, and connectors for printed wiring boards. The Coaxial Connector segment is engaged in the provision of coaxial connectors and optical connectors. It is also engaged in the manufacture and sale of electronic medical devices and micro switches.
HIROSE ELECTRIC CO.,LTD. 
