GS Yuasa Corporation (Tokyo Stock Exchange: 6674 “the Company”) today announced that, the Company’s consolidated subsidiary, GS Yuasa International Ltd. (“GS Yuasa”), has completed acquisition of all of the shares of Sanken Densetsu Co., Ltd. (“Sanken Densetsu”), thereby making it a consolidated subsidiary of the Company, as outlined below. The share acquisition was conducted pursuant to a share transfer agreement between the Company and Sanken Electric Co., Ltd. (“Sanken Electric”) concerning the acquisition of Sanken Electric’s Infrastructure Business, which was originally announced on August 4, 2020*. Following the acquisition, the trading name of Sanken Densetsu has been changed to “GS Yuasa Infrastructure Systems Co., Ltd.”.
This acquisition provides an opportunity for GS Yuasa to further enhance its competitive edge and achieve sustainable growth through the integration of the technological and R&D capabilities that have been cultivated over the years by Sanken Electric and the GS Yuasa Group.
*Notice Concerning Acquisition of Infrastructure Business from Sanken Electric Co., Ltd.
Profile of GS Yuasa Infrastructure Systems Co., Ltd.
| 1. Company Name | GS Yuasa Infrastructure Systems Co., Ltd. |
| 2. Location | 677 Onohara, Shimoakasaka, Kawagoe City, Saitama Prefecture, Japan |
| 3. Date of Establishment | April 8, 1974 |
| 4. Name & Title of Representative | Shigeru Ito, Representative Director & President |
| 5. Business Description | Power supply equipment product development, manufacture, sale, inspection, and maintenance, as well as battery replacement and other related work including repairs, installations and installation planning, delivery, wiring, and on-site adjustment tests. |
| 6. Number of Employees | Approximately 380 |
| 7. Shareholder | GS Yuasa (100%) |