11-24-2017, Mainz, Germany
SCHOTT to completely acquire NEC SCHOTT Components Corporation
SCHOTT, a leading international technology group in the areas of specialty glass and glass-ceramics with its headquarters in Mainz (Germany), is looking to further strengthen its position on the important Japanese market for electronic components.For this reason, the company has decided to enter into an agreement with its current joint venture partner NEC Corporation to purchase the remaining shares in the joint venture NEC SCHOTT Components Corp., Minakuchi (Japan). With the acquisition of NEC Corporation’s 49 percent share, the joint venture will become a fully-owned SCHOTT subsidiary. The transaction is expected to be concluded by the end of the year.
NEC SCHOTT Components Corp. is one of Japan’s leading electronic component manufacturers for glass-to-metal seals and thermal fuses. Key applications for these products include electronic devices, consumer electronics, the automotive industry and optoelectronics. NEC SCHOTT Components Corp. was founded in 2000 and employs around 190 people.
SCHOTT is a leading international technology group in the areas of specialty glass and glass-ceramics. The company has more than 130 years of outstanding development, materials and technology expertise and offers a broad portfolio of high-quality products and intelligent solutions. SCHOTT is an innovative enabler for many industries, including the home appliance, pharma, electronics, optics, life sciences, automotive and aviation industries. SCHOTT strives to play an important part of everyone’s life and is committed to innovation and sustainable success. The group maintains a global presence with production sites and sales offices in 34 countries. With its workforce of approximately 15,000 employees, sales of $2.21 billion were generated in fiscal year 2015/2016. www.us.schott.com
SCHOTT North America, Inc.
555 Taxter Road
Elmsford, NY 10523
Elmsford, NY 10523