Merged companies form global alliance to leverage synergies.
Miyachi Unitek Corp.
, a manufacturer of welding equipment and laser processing systems, announces that Amada Co. Ltd completed a takeover of Miyachi Corp. on March 21, 2013. Miyachi is now a consolidated subsidiary of Amada. The combined companies have formed a strong global alliance, and are expected to extend existing technology into new areas, collaborate on business systems, and better adjust to market fluctuations.
“We are excited to move ahead with this collaborative relationship with Amada, and look forward to leveraging synergies to develop new technology and products, apply welding technology to other metal processing applications, and continuously enhance competitiveness,” said Dave Fawcett, president and CEO.
Amada Co. Ltd. is headquartered in Isehara, Kanagawa, Japan, and develops, manufactures, sells, and services products and systems for metal sheet processing, metal cutting, pressing, and machine tooling. The company was established in 1946 and is listed on the Tokyo Stock Exchange. It has 60 subsidiaries (17 in Japan and 43 overseas).