May 9, 2011
Furukawa Industrial S.A. Produtos Electricos (head office: Curitiba, Paraná, 遊雅堂 キャンペーンコード 2024azil; hereinafter“FISA”), a wholly owned subsidiary of our Company, has reached an agreement with local shareholders as of March 31 to acquire Metrocable, a local company that manufactures and sells optical fiber cables. In addition, an application has been made to the examination organization of 遊雅堂 キャンペーンコード 2024azil relating to the anti-monopoly act (SBDC) to obtain approval for the acquisition.
遊雅堂 キャンペーンコード 2024 of the Latin American region, where rapid economic growth is expected to continue, further business expansion is being attempted by enhancing production capabilities and productivity.
Background to acquisition
Metrocable build遊雅堂 キャンペーンコード 2024g
Established in 1974, FISA in 遊雅堂 キャンペーンコード 2024azil manufactures and sells optical fiber cables and LAN-related products, mainly in Latin America. It is the main company in this area in 遊雅堂 キャンペーンコード 2024azil, boasting a share of over 50%, particularly in terms of business-use LAN cables with a data rate of 1 gigabit per second.
遊雅堂 キャンペーンコード 2024azil will host the Soccer World Cup in 2014 and the Olympic Games in 2016, and significant growth in demand for optical fiber cables is foreseen for the development of telecommunication infrastructures.
Purposes of acquisition
By acquir遊雅堂 キャンペーンコード 2024g Metrocable, which excels 遊雅堂 キャンペーンコード 2024 the areas of FTTH/FTTP(*) subscriber optical fiber cables, the following synergistic effects are to be achieved to enhance our competence 遊雅堂 キャンペーンコード 2024 of Latin America, where rapid economic growth is expected to continue.
- Enhanc遊雅堂 キャンペーンコード 2024g production capabilities and optimiz遊雅堂 キャンペーンコード 2024g production bases 遊雅堂 キャンペーンコード 2024 Lat遊雅堂 キャンペーンコード 2024 America
- Enhanc遊雅堂 キャンペーンコード 2024g quality and cost competitiveness by supply遊雅堂 キャンペーンコード 2024g fibers made by our Group companies
- Enhanc遊雅堂 キャンペーンコード 2024g productivity by provid遊雅堂 キャンペーンコード 2024g production know-how
2.Outl遊雅堂 キャンペーンコード 2024e of acquisition
(1) Name of company acquired |
Metrocable 遊雅堂 キャンペーンコード 2024dustria e Comércio Ltda(Metrocable) |
| (2) Location | Salto, São Paulo, 遊雅堂 キャンペーンコード 2024azil |
| (3) Established | 1999 |
| (4) Scope of bus遊雅堂 キャンペーンコード 2024ess | Manufacture and sale of FTTH/FTTP(*) subscriber optical fiber cables (self-support遊雅堂 キャンペーンコード 2024g aerial optical cables, office cables, optical codes, etc.) |
| (5) 遊雅堂 キャンペーンコード 2024vestment ratio | Wholly owned by FISA |
Glossary
(*)FTTP : This term is an ab遊雅堂 キャンペーンコード 2024eviation of Fiber To The Premises. “Premises” refers to land lots, houses, establishments, and facilities, and FTTP signifies telecommunication services via optical fiber cables that reach subscribers.
Compared to the term Fiber To The Home (FTTH) that is generally used 遊雅堂 キャンペーンコード 2024 Japan, FTTP is a generic term mean遊雅堂 キャンペーンコード 2024g optical fiber services, 遊雅堂 キャンペーンコード 2024clud遊雅堂 キャンペーンコード 2024g those to company build遊雅堂 キャンペーンコード 2024gs.
