Nippon Sangyo Suishin Kiko to acquire the Fujikura Components Group from Fujikura.

Nippon Sangyo Suishin Kiko, an equity investor, agreed to acquire the Fujikura Components Group, a manufacturer of electric power transmission components and spiral products, from Fujikura, a Tokyo-based electrical equipment manufacturing company. Financial terms were not disclosed. "Leveraging the business foundation the company has built, NSSK will provide its Value Up Program to implement global best business practices in all relevant areas, including sales growth by expanding the customer base including electric power companies and product line-ups, accounting, finance, governance, compliance, corporate philosophy and ESG. NSSK will also offer its business expertise and domestic and international networks so that the Company can achieve business operations on a stand-alone basis and grow significantly stronger in the next stage of development with the current management team," NSSK.