Konica Minolta, Inc. completed the acquisition of 95% stake in inviCRO, LLC.
November 09, 2017
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Konica Minolta, Inc. (TSE:4902) concluded an agreement to acquire 95% stake in inviCRO, LLC for approximately $290 million on September 25, 2017. As a part of the transaction, no changes will be made to Invicro’s management structure, and Jack Hoppin will remain on as Chief Executive Officer. Invicro’s business operations will continue as usual, including maintaining current staff and facilities. The transaction is expected to close in November 2017. Stuart Cable, David Henken, Eric Carlson, Evan Segal, Stephen Charkoudian, Daniel Karelitz, Natascha George, Andrea Murino, Gregory Bibler, Richard Matheny, Bradford Smith, Andrew Sucoff, Ai Tajima, Brian Mukherjee, Todd Hahn, Stephanie Philbin, Jacqueline Klosek, Jacob Osborn, Brian Fleming, Rachel Mitchell Smith, Kyle Pine and Monica Patel of Goodwin & Goodwin, LLP and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. acted as legal advisors to inviCRO whereas Chestnut Securities, Inc. acted as the financial advisor to inviCRO on the transaction. Norton Rose Fulbright LLP acted as the legal advisor to Konica Minolta, Inc. on the transaction.
Konica Minolta, Inc. (TSE:4902) completed the acquisition of 95% stake in inviCRO, LLC on November 10, 2017.
Konica Minolta, Inc. specializes in the design, manufacturing and marketing of printing, photography, medical imaging and measuring equipments. Net sales break down by family of products as follows:
- office equipments (51.1%);
- professional printing equipment (21.4%): laser printer, consumables, multifunctional peripherals, etc.;
- electronic and optical equipments (15.3%): plastic and molded glass lenses, display components, screen, memory units, etc.;
- medical equipments (12.1%): primarily imagery and graphic equipments and measuring equipments;
- other (0.2%).
Net sales break down geographically as follows: Japan (19.5%), China (10.5%), Asia (9.4%), Europe (28.6%), the United States (25.3%) and other (6.7%).
KONICA MINOLTA, INC. 
