# Sumitomo Electric to acquire Nissin Electric and TECHNO ASSOCIE via tender offer

Sumitomo Electric Industries has resolved to acquire Nissin Electric Co., Ltd. and TECHNO ASSOCIE Co., Ltd. through a tender offer to make them wholly owned subsidiaries.

- Type: Acquisition
- Announced: 2023-02-02
- Where: Japan
- Status: announced
- Products: power supply systems, beam and plasma equipment, equipment parts
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Sumitomo Electric Industries](https://endata.com/companies/16532.md) (acquirer)
- [Nissin Electric](https://endata.com/companies/21622.md) (target)
- [TECHNO ASSOCIE](https://endata.com/companies/68243.md) (target)

## Sources

- [sumitomoelectric.com](https://sumitomoelectric.com/press/2023/02/prs006), 2023-02-01: "The Company resolved to acquire common stock of Nissin Electric Co., Ltd. and TECHNO ASSOCIE Co., Ltd. through a tender offer."
- [nikkei.com](https://www.nikkei.com/article/DGXZRSP648687_S3A200C2000000/), 2023-02-02: "当社は、本日開催の当社取締役会において、完全子会社化を目的として、日新電機株式会社及び株式会社テクノアソシエのそれぞれの株式を金融商品取引法に基づく公開買付けによって取得することを決議いたしました。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.