KPMG Corporate Finance LLC acted as exclusive financial advisor to Tosei Engineering Corp.
Tosei is a wholly-owned subsidiary of Tokyo Seimitsu Co., Ltd. (“ACCRETECH” or the “Company”), which is headquartered in Hachioji, Japan and was founded in 1949. Accretech designs, manufactures and sells semiconductor manufacturing equipment and measuring products.
SBS, based in Portland, OR., develops, manufactures, and sells balancers that are used in machine tool grinding work, laser measurement instruments, and other products. These systems are widely used by machine tool manufacturers and grinder users, as well as many automobile, aerospace, steel, bearing, and rotating part manufacturers.
“We are confident to have found the ideal strategic partner for SBS® in ACCRETECH,” said Michael Zapata, CEO of Schmitt. “Thanks to its expertise in measuring systems, ACCRETECH is able to maximize the SBS® business line while continuing to offer first-class support to all SBS® customers.”
“I am extremely pleased to welcome the SBS® product group to the product lineup of the ACCRETECH Group, and I am certain that this expansion of our product portfolio will contribute to providing cost reductions and solutions for higher degrees of freedom to our customers,” said Hitoshi Yoshida, President and CEO of Tokyo Seimitsu Co., Ltd. “Together with SBS, we will continue to build the Win-Win relationships that are the motto of the ACCRETECH Group.”
KPMG CF and KPMG FAS Co., Ltd. (Japan) provided buy-side advisory services for this cross border transaction which closed in November 2019. We offered:
In today’s market, you need an advisor with objective insight at every step of the transaction process. We work with you throughout the full deal cycle to create value and successfully execute your deal strategy.
The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv based on number of completed transactions, in 2018.