SEIKOH GIKEN Co., Ltd. acquired an additional 48% stake in DATA-PIXEL SAS from Plan C SAS.
April 04, 2017
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SEIKOH GIKEN Co., Ltd. (JASDAQ:6834) acquired an additional 48% stake in DATA-PIXEL SAS from Plan C SAS on April 3, 2017. SEIKOH acquired 0.002 million shares. Following the acquisition, DATA-PIXEL SAS becomes 97% owned by SEIKOH and Plan C SAS holds 3% stake in DATA-PIXEL. DATA-PIXEL will operate as a consolidated subsidiary of SEIKOH GIKEN. DATA-PIXEL reported revenues of €3.4 million and EBITDA of €0.5 million in 2016. Impact on performance of SEIKOH GIKEN due to the transaction is immaterial. Nicolas Verrier and Maxime de Survilliers of Red2green acted as financial due diligence provider and Alexis Martin and Stéphane Celoudou of Red2green acted as tax due diligence advisor to SEIKOH GIKEN. Jean-Nicolas Soret and Géraldine Malfait of Altana acted as legal due diligence provider to SEIKOH GIKEN. Nicolas Buschiazzo and Noémie Dollé of Ixa Advocats acted as legal advisor to Plan C.
SEIKOH GIKEN Co., Ltd. (JASDAQ:6834) completed the acquisition of an additional 48% stake in DATA-PIXEL SAS from Plan C SAS on April 3, 2017.
Seikoh Giken Co Ltd is a Japan-based company mainly engaged in the precision machinery-related and optical product-related business. The Company operates through two business segments. The Precision Machinery-related segment is engaged in the manufacture and sale of precision molded products such as automobile parts and electronic parts, as well as various precision molds and precision metal parts. Optical Product-related segments is engaged in the manufacture and sale of optical components and optical component manufacturing equipment such as optical connectors, cords with optical connectors, optical attenuators, ferrules, and optical connector polishers, optical component shape measuring devices, optical component inspection devices, non-feeding optical transmission devices, optical electric field sensors, high heat resistant lenses and others.