[RS Technologies Co., Ltd.] RS
Announcement regarding the acquisition of all equity interests in Souni Precision Components (Huizhou) Co., Ltd. by a new Chinese company established by Technologies
*RS Technologies Co., Ltd.*
Press release: September 20, 2024
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Notice regarding the acquisition of all equity interests in Souni Precision Components (Huizhou) Co., Ltd. by a new Chinese company established by RS Technologies
RS Technologies Co., Ltd. (RST), Soni (China) Co., Ltd. (Head office: Chaoyang District, Beijing, Chairman: Abe
Kazushi, hereinafter “SCN”), Sony Semiconductor Solutions Co., Ltd. (Head office: Atsugi City, Kanagawa Prefecture, Representative Director and President: Shimizu
Teruji (hereinafter referred to as “SSS”) will acquire all of SCN’s shares in Souni Precision Components (Huizhou) Co., Ltd. (hereinafter referred to as “SPDH”) into a new Chinese company (hereinafter referred to as “RS China (hereinafter referred to as “RS China)”) that RST plans to establish soon. We have concluded a contract to acquire the property by (provisional). The acquisition date is scheduled for late December 2024.
* 1. Background/Purpose *
In RST’s medium-term management plan, which ends in fiscal 2026, we aim to expand our business through M&A and increase sales and profits, and we are considering ways to diversify our business, both
domestically and overseas. By making SPDH a wholly owned subsidiary, we will leverage RST’s strengths in sales and connections to expand our business domain and take on new businesses.
SPDH manufactures and sells optical pickup modules and in-vehicle camera modules, and has solid manufacturing technology through many years of business continuity. We will continue to manufacture optical pickup modules by inheriting that manufacturing technology.
Additionally, SPDH’s current in-vehicle camera module business is scheduled to be consolidated to other Sony Group manufacturing facilities, but RST will launch a new in-vehicle camera module business in the future with the aim of expanding its business. .
The car camera market will reach $5 billion in 2023. It is predicted that the market will continue to grow rapidly due to the worldwide spread of ADAS (advanced driver assistance systems), with a market size of 8 billion dollars by 2029 and a CAGR (compound annual growth rate) of 6.9%. (*1). In particular, China’s share of the global market is increasing year by year, and we predict that it will continue to grow as sales of new energy vehicles increase. RST will take on the challenge of the in-vehicle camera module business from SPDH. *1 Source: Yole Developmentpment
* 2. Schedule *
September 19, 2024 Equity transfer agreement concluded
Late December 2024 (planned) Date of equity transfer
* 3. Future developments *
We plan to change the company name immediately after carrying out the transfer of SPDH equity (*2). In addition, our policy is to continue working to maintain employment while securing profits by continuing to manufacture optical pickup modules on contract from SSS. In addition, we will also work on research, development and sales of the in-vehicle camera module business that RST will launch in the future, as well as other business creation such as consumer product manufacturing that takes advantage of SPDH’s manufacturing technology. In the automotive camera module business, we plan to enter the Chinese market by combining SPDH’s manufacturing technology with RST’s sales and connection capabilities, with the goal of commercialization and mass production within a few years after the ownership transfer. In the future, we will expand our sales channels not only to China but also to Japan, Europe, the United States, and the rest of the world, and aim to become the top in the industry as one of RST’s core businesses. *2 The company name after the change is undecided.
[About RS Technologies]
R.S.
Technologies is a corporate group that expands its business globally with the management philosophy of “respecting the global environment, being trusted by people around the world, and always creating and taking on challenges.” Our company was established in 2010 by taking over the production equipment of a major company. In our original business, the silicon wafer recycling business for semiconductors, we are the top company with the No. 1 market share in the world. In 2018, we started a joint venture with the Nonferrous Metals Research Institute, a central Chinese company, and became a comprehensive wafer manufacturer. In 2023, we entered the renewable energy business by taking over LE System Co., Ltd.
This business manufactures vanadium redox flow electrolyte (VRFB) for large-scale stationary storage batteries, and is the only company in Japan with over 40 years of research, development, and manufacturing know-how. The market is rapidly expanding for storage batteries for renewable energy and data center applications. It is a promising core material for power storage systems, and we manufacture innovative products that are in line with the trends of the times. We will continue to make appropriate investments to continuously expand our corporate value.
Company name: RS Technologies Co., Ltd.
Representative: Nagayoshi Kata
Established: December 10, 2010
Location: 1-47-1NT Building, Oi, Shinagawa-ku, Tokyo
Official website: https://www.rs-tec.jp/
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