Sintokogio,Ltd. agreed to acquire an additional 85% stake in Omega Foundry Machinery Limited from Mark Fenyes for approximately JPY 980 million.
February 07, 2018
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Sintokogio,Ltd. (TSE:6339) agreed to acquire an additional 85% stake in Omega Foundry Machinery Limited from Mark Fenyes for approximately JPY 980 million on February 7, 2018. Sintokogio will acquire 9670 shares and will own 90% stake in Omega Foundry Machinery Limited. For the year ended on April 30, 2017, Omega Foundry Machinery reported total revenue of JPY 2.1 billion, total assets of JPY 1.1 billion, net income of JPY 23 million, total common equity of JPY 299 million. Board of directors of Sintokogio approved the transaction. The agreement is expected to be signed on February 8, 2017, and is expected to close on February 15, 2018.
Sintokogio,Ltd. is a company mainly engaged in manufacture and sale of casting, surface treatment, environment, carrier, special machine business, and other equipment and components. The Company operates in five business segments. The Casting segment offers molding machines, casting sand processing devices, granular processing equipment and components. The Surface Treatment segment offers shot blasting machines, components of surface treatment equipment, as well as shot materials and abrasive materials. The Environment segment offers dust collectors, deodorization equipment, water processing equipment and other components. The Carrier segment offers lifting devices, conveyors and conveying system. The Special Equipment segment offers inspection and measurement devices, servo-cylinders, handling robot and ceramics products. The others engages in design of machinery, information-related business and welfare businesses.
SINTOKOGIO,LTD. 
