On November 25, 2024, Niterra Co., Ltd. (5334, hereinafter referred to as "Niterra") signed an agreement with Toshiba Corporation to acquire all shares of Toshiba Materials Co., Ltd. (hereinafter referred to as "Toshiba Materials") held by Toshiba Corporation, thereby making it a wholly owned subsidiary. Through this acquisition, Niterra aims to integrate the technologies and resources of both companies to accelerate the development of new businesses and strengthen its global competitiveness.
Purpose of M&A
Niterra has been pursuing a business strategy centered on ceramic material technology, focusing on strengthening its internal combustion engine business while expanding its non-combustion engine segments. The company has identified four key areas—environment and energy, mobility, healthcare, and information and communication—as strategic priorities, advancing the development and commercialization of new technologies.
Toshiba Materials has strong technological capabilities in fields such as precision ceramics, fluorescent materials, magnetic components, and tungsten products. In particular, it is an industry leader in silicon nitride products for electric vehicles (EVs) and semiconductors. Niterra anticipates the following outcomes from the acquisition:
• Technical Synergies: Combining the strengths of both companies to enhance product development capabilities.
• Market Expansion: Leveraging Niterra’s international network to broaden Toshiba Materials’ market reach.
• New Business Promotion: Accelerating product development and market growth in EV and semiconductor-related sectors.
Through this M&A, Niterra aims to utilize Toshiba Materials' technological expertise and production capabilities to expedite its entry into emerging markets while contributing to the realization of a sustainable society.
Acquisition Terms
Shares Acquired: 10,000 shares (all outstanding shares)
Acquisition Price: Approximately ¥150 billion
Schedule
Board Resolution Date: November 25, 2024
Agreement Signing Date: November 25, 2024
Share Transfer Execution Date: May 30, 2025 (planned)
