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New Deal


Announced

Completed

Nitto completed the acquisition of Bend Labs for $77m.

Financials

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Transaction Value£61m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Acquisition

Private

electronic equipment

Completed

Electronic Components and Equipment

Majority

Single Bidder

United States

Friendly

Synopsis

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Nitto, a Japanese company that produces tapes, vinyl, LCDs, insulation, and several other products, completed the acquisition of Bend Labs, a soft silicone sensor platform bringing smarter motion sensing to today's products, for $77m. Nitto develops new products and services by strategically devoting resources to Nitto’s three focus domains: Information Interface, Next-generation Mobility, and Human Life. The acquisition of Bend will also accelerate innovation in these domains.

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