Mabuchi Motor : to Acquire Electromag SA, a Switzerland Manufacturer of Motors for Medical Equipment（623KB）

June 22, 2021

Name of company:	MABUCHI MOTOR CO., LTD.
Representative:	Hiroo Okoshi,
	Representative Director and President, CEO
	(Securities code: 6592)
Contact:	Tadahito Iyoda,
	Director, Executive Officer, General
	Manager-Corporate Communication Department
	(Tel: [phone])

Mabuchi Motor to Acquire Electromag SA,

a Switzerland Manufacturer of Motors for Medical Equipment

MABUCHI MOTOR CO., LTD. ("The Company") announces that the Board of Directors' Meeting, held on June 22, 2021, has resolved to acquire Electromag SA ("Electromag"), a Swiss-based manufacturer of brushless motors for healthcare application, and entered into a share purchase agreement on the same date.

Details

1. Purpose of acquisition

The Company has the Management Principle of Contributing to international society and continuously increasing our contribution. To realize this principle, the Company has developed the Long-TermManagement Policy and the Mid-TermManagement Plan(2021-2023).This plan is aiming to accelerate the Company's growth, by providing solutions for the issues which society and customers are facing. Expanding the business for wellness and healthcare applications and developing new brushless motor products are parts of the Company's priority efforts to achieve such a plan.

Electromag is a brushless motor manufacturer based in Switzerland that specializes in key applications such as ventilators for hospital care, home care, and handpieces for dental care. Electromag's cutting-edge solutions and technology enable to develop brushless motors with unique characteristics such as ultra-quiet, low vibration, high speed, that perfectly suited for medical device application. Electromag is a world-leading manufacturer of motors for healthcare applications with an outstanding market share in hospital care ventilation motors.

By leveraging Electromag's technologies and expertise in healthcare applications, the Company will accelerate its priority initiatives and furthermore realize the vision and the Management Principle.

2. Overview of Electromag

(1)	Company name	Electromag SA
(2)	Location	Chemin du Dévent 7 Z.I. Larges Pièces A, 1024 Ecublens, Switzerland
(3)	Representative	Vincent Comte, CEO
(4)	Business description	Manufacturer of motors for medical equipment
(5)	Paid in Capital	100 thousand Swiss francs
(6)	Established	August 29, 2003
(7)	Major shareholder and ownership	Vincent Comte: 100.0%
	Relationships between	Capital relationship	None
(8)	Personnel relationship	None
Electromag and the Company
	Business relationship	None
(9)	Three-year financial summary (according to the Swiss accounting standard) (CHF refers to Swiss francs.)
	Fiscal year ended	Dec. 2018		Dec. 2019	Dec. 2020
	Net sales	CHF 11,171 thousand		CHF 11,475 thousand	CHF 21,307 thousand
3. Overview of the seller
(1)	Name	Vincent Comte
(2)	Relationships between the seller	There are no capital, personnel or business relationships between the
and the Company	seller and the Company.

4. Transaction overview

The Company will make an all cash payment for acquiring all shares of Electromag owned by Mr. Vincent Comte.

The purchase price is confidential due to the agreement with the seller. The estimated closing of this transaction will be early July 2021.

5. Future outlook

The consolidated financial impact by this transaction is limited.

End of Document

Mabuchi Motor to Acquire Electromag SA

Mabuchi Motor Co., Ltd. (TSE：6592)

Actuating Your Dreams

June 22, 2021

About Electromag

Strategic

Electromag at a Glance

Significance

Zurich

Electromag SA

Lausanne

Geneva

Electromag SA

• Established on August 29, 2003
• Vincent Comte as CEO and Representative
• Manufacturing and sales of brushless motors for healthcare applications

Fiscal Year	Dec. 2018	Dec. 2019	Dec. 2020
Ended
Net sales	11,171	11,475	21,307
(CHF thousand)

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About Electromag

Strategic

Electromag's Differentiating Factors

Significance

Excellent production set-up

for implementation of

customer requests

• Cutting-edgesolutions and technology enable to develop ultra- quiet, low vibration, high speed, unique brushless motors
• Resilient and agile production team to propose best solution match to each of the customers
• Well structured standardization of motor sizes and components achieving both customer satisfaction and high production efficiency

Profound experience on the		Strong customer base
healthcare market
✓ An extensive track record on the	✓ Excellent reputation among its
healthcare market that needs high	customer base and global healthcare
expertise	community
✓ Certifications with international	✓ Recognition as a qualified supplier by
standards (ISO 9001 and ISO 13485)	regular dialogues with customer and
		global medical device manufacturers

World-leading manufacturer of motors for healthcare applications

Outstanding market share in hospital care ventilation motors

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