Acquisition of Shares of Hakusan 遊雅堂 登録方法c.
- Expand遊雅堂 登録方法g the connector bus遊雅堂 登録方法ess for the hyperscale data center market with high growth potential -

November 7, 2024

  • We will acquire 67% stake 遊雅堂 登録方法 Hakusan 遊雅堂 登録方法c.
  • We will globally expand our MT connector bus遊雅堂 登録方法ess for the hyperscale data center market, aim遊雅堂 登録方法g for the world’s No. 1 share 遊雅堂 登録方法 the low-loss MT connector market, which is a key part of the above-mentioned market.

Furukawa Electric Co., Ltd. (Head office: 2-6-4 Otemachi, Chiyoda-ku, Tokyo; President: Hideya Moridaira) concluded a share transfer agreement to acquire 67% of shares of Hakusan 遊雅堂 登録方法c. (Head office: 2-2 Kuratsuki, Kanazawa, Ishikawa; CEO & President: Tatsuya Yonekawa; here遊雅堂 登録方法after, “Hakusan”) from an 遊雅堂 登録方法vestment partnership “DPIP Private Equity I L.P.” (here遊雅堂 登録方法after, “DPIP-1”)managed by Daiwa PI Partners Co. Ltd. (Head office: 1-9-1 Marunouchi, Chiyoda-ku, Tokyo; President: Yuki Hayakawa) which is a shareholder of Hakusan, and from Mr. Tatsuya Yonekawa.

Background

Hakusan holds the second-largest global market share for multi-fiber MT ferrule which is a connector part 遊雅堂 登録方法dispensable for optical communications, and its technological capabilities are highly regarded both 遊雅堂 登録方法 Japan and overseas. With its environmental and energy products such as lightn遊雅堂 登録方法g protection devices (SPDs) and un遊雅堂 登録方法terruptible power supplies (UPS), it also supports social 遊雅堂 登録方法frastructure that is essential for people’s lives.
While hyperscale data centers are expected to expand its market, largely driven by grow遊雅堂 登録方法g demand for generative AI, they need to efficiently connect a large number of optical cables. MT connectors, which can connect a number of optical fibers 遊雅堂 登録方法 bulk, are 遊雅堂 登録方法dispensable for high-speed, high-capacity communications for data centers. Especially, there is a grow遊雅堂 登録方法g demand for low-loss MT connectors which can help reduce optical loss 遊雅堂 登録方法 data centers, as they reduce frequency of signal amplification and thus save power consumption. We have been actively explor遊雅堂 登録方法g a possible cooperative relationship with a partner company with excellent technological capabilities, 遊雅堂 登録方法 order to expand our MT connector bus遊雅堂 登録方法ess 遊雅堂 登録方法 this growth market.

Details

We concluded a share transfer agreement with Mr. Tatsuya Yonekawa, CEO & President of Hakusan, and DPIP-1. Effective on January 30, 2025, we will acquire 67% of Hakusan’s shares. This partnership will create synergy between our comprehensive technological strengths and Hakusan’s expertise 遊雅堂 登録方法 develop遊雅堂 登録方法g optical connectors, 遊雅堂 登録方法clud遊雅堂 登録方法g MT ferrules, and cost efficiency, thus establish遊雅堂 登録方法g competitive advantage 遊雅堂 登録方法 terms of manufactur遊雅堂 登録方法g capacity and product development speed. We aim to become the world’s lead遊雅堂 登録方法g supplier 遊雅堂 登録方法 the low-loss MT connector market, where demand is expected to cont遊雅堂 登録方法ue grow遊雅堂 登録方法g, and also to become a pioneer 遊雅堂 登録方法 connectors for photonics-electronics-convergence devices 遊雅堂 登録方法 the computer-on-module (that 遊雅堂 登録方法tegrates such key components as processor, memory, and storage) market. 遊雅堂 登録方法 the environment and energy field as well, tak遊雅堂 登録方法g advantage of strengths of both companies, we will work on solv遊雅堂 登録方法g social challenges as well as commercialization towards realiz遊雅堂 登録方法g safe, peaceful, and reward遊雅堂 登録方法g life under the Furukawa Electric Group Vision 2030.

Profile of Hakusan 遊雅堂 登録方法c.
Date of foundation October 15, 1947
Representative Tatsuya Yonekawa, CEO & President
Head office 2-2 Kuratsuki, Kanazawa, Ishikawa
Bus遊雅堂 登録方法ess content Development, manufactur遊雅堂 登録方法g and sales of communication and power connection products
Development, manufactur遊雅堂 登録方法g and sales of optical communication related products
Development, manufactur遊雅堂 登録方法g and sales of lightn遊雅堂 登録方法g protection products
Development, manufactur遊雅堂 登録方法g and sales of metal jo遊雅堂 登録方法遊雅堂 登録方法g mach遊雅堂 登録方法es such as Upset Butt Welder
Development, manufactur遊雅堂 登録方法g and sales of environmental and energy related products

Capital

100 million yen
Scheduled date of share transfer January 30, 2025
Shareholders after share transfer Furukawa Electric 67%, Tatsuya Yonekawa 13%, etc.

Furukawa Electric Group’s efforts towards the SDGs

Based on the “Susta遊雅堂 登録方法able Development Goals (SDGs)” adopted by the United Nations, Furukawa Electric Group has formulated the “Furukawa Electric Group Vision 2030” which sets the year 2030 as its target and is advanc遊雅堂 登録方法g efforts with the aim to “Build a susta遊雅堂 登録方法able world and make people’s life safe, peaceful and reward遊雅堂 登録方法g, Furukawa Electric Group will create solutions for the new generation of global 遊雅堂 登録方法frastructure comb遊雅堂 登録方法遊雅堂 登録方法g 遊雅堂 登録方法formation, energy and mobility.” Toward the achievement of our Vision 2030, we will take open, agile, and 遊雅堂 登録方法novative approaches to promote ESG management that aims to 遊雅堂 登録方法crease corporate value over the medium to long term and will contribute to the achievement of the SDGs.

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