TOKYO, Mar 26 (Pulse News Wire) – KITZ Corporation (6498.T) announced today that its board of directors resolved to acquire all shares of Vitecs Co., Ltd. held by Kanadevia Co., Ltd., making Vitecs a subsidiary.
Vitecs specializes in industrial special valves, particularly vacuum valves used in semiconductor manufacturing processes, and is also the sole manufacturer of rupture disks in Japan. The acquisition aligns with KITZ's long-term vision 'Beyond New Heights' and strategic focus on digital advancements and semiconductor technology. By integrating Vitecs’ expertise, KITZ aims to enhance its competitive edge and strengthen its position in the semiconductor sector. Key details of the transaction include: - Acquisition price: 9,198 million yen - Number of shares acquired: 886,400 - Total cost including advisory fees: ¥9.368 billion The share transfer is scheduled to take place on June 1, 2026.
Following the acquisition, KITZ will own 886,400 shares of Vitecs, representing 100.0% of voting rights. Kanadevia, the seller, was established on May 29, 1934, and holds significant capital assets, including a net worth of ¥197.9 billion as of March 31, 2025. Major shareholders of Kanadevia include State Street Bank and Trust Company with a holding ratio of 505,223. Further impact on KITZ’s consolidated performance post-acquisition is currently being assessed, and any pertinent updates will be disclosed promptly.
🟢 Confidence: High AI-translated content.