# Sumitomo Electric completes tender offer for Nissin Electric and TECHNO ASSOCIE

Sumitomo Electric Industries completed a tender offer to acquire all shares of Nissin Electric Co., Ltd. and TECHNO ASSOCIE Co., Ltd., making them wholly owned subsidiaries. The tender offer ran from February 3 to March 22, 2023.

- Type: Acquisition
- Announced: 2023-03-22
- Where: Japan
- Status: completed
- Products: electrical equipment, industrial products
- 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/2023/03/prs017), 2023-03-23: "The Company will purchase all of the Tendered Shares as described in the tender offer commencement announcement and the Tender Offer Registration Statement."

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