As for the remaining 30%, Kaga has said it is looking to acquire these by the start of 2022, assuming Phase 1 goes smoothly. Phase 1 – the transfer of the 70% of shares – is expected to happen in the new year, closing in January 2019.
FEI says it wishes to broaden its product line-up on a global scale, as well as further developing its existing business. For now, FEI will retain its trade name "Fujitsu Electronics Inc." and continue to deliver its existing offerings.
“By welcoming FEI into our group, Kaga Electronics evolves into a corporate group with total net sales of about 500 billion yen and can solidify its management foundation towards the goal of becoming the ‘industry leader in Japan’,” said President and Representative Director of Kaga Electronics, Ryoichi Kado.
“Also, by leveraging this solid management foundation and through continued efforts to expand the group's scale and improve its management quality, we seek to achieve sustainable growth as a world-class company which can stand up to overseas competitors with their sales crossing the trillion-yen mark.”
