Murata announces merger of Singapore subsidiaries

NewsArticleTitle

02/04/2019

Murata Manufacturing Co., Ltd.
Chairman of the Board and President:
Tsuneo Murata   

Summary

Murata Manufacturing Co., Ltd. (Head Office: Nagaokakyo, Kyoto; Chairman of the Board & President: Tsuneo Murata; “Murata Manufacturing”), hereby announces that its consolidated subsidiary, Murata Electronics Singapore (Pte.) Ltd. (“MES”) has absorbed Murata Energy Device Singapore Pte. Ltd. (“MDS”), a specified subsidiary1 of Murata Manufacturing, in an absorption-type merger.
MDS will continue to function as MES’s Tuas Plant.


Background

 The surviving company, MES, has been manufacturing components, selling its own and affiliated companies’ products, and overseeing administration of distributors in the ASEAN region since it was founded in 1972, thereby playing a role in the expansion of Murata Manufacturing’s business. The absorbed company, MDS, has been manufacturing battery products since it was established in 2017.
 The absorption of MDS by MES is aimed at generating new synergy and achieving greater back-office productivity through resource integration, as well as promoting the development of the next generation of leaders and the reform of the companies’ organizational climates by revitalizing people-to-people exchanges, in order to further increase Murata Manufacturing’s competitive edge.


Overview

Details of each company are given below:

  Surviving Company Absorbed Company
 Name
 Murata Electronics Singapore (Pte.) Ltd.(MES)
 

Murata Energy Device Singapore Pte. Ltd.(MDS)


 Address
 200 Yishun Avenue 7, Singapore 768927
1 Tuas Road, Singapore 638481
 Capital
 4 million SGD
 

1 SGD

162 million USD

*The amount of capital is the sum of the amounts in each currency listed above.
Business Description
 Manufacturing of components, sales of its own and affiliated companies’ products, and general administration of distributors in the ASEAN region
Manufacturing of battery products
Established   December 1972
 September 2017

Specified subsidiary: This term refers to a subsidiary ① whose net sales to or purchases from Murata Manufacturing are 10% or more of Murata Manufacturing’s total net sales or purchases; ② whose amount of net assets is equivalent to 30% or more of Murata Manufacturing’s amount of net assets; or ③ whose amount of capital is equivalent to 10% or more of Murata Manufacturing’s amount of capital, on a nonconsolidated basis. MDS falls under ③. For details, please refer to Article 19 (10) of the Cabinet Office Ordinance on the Disclosure of Corporate Affairs, etc.

Murata in Brief

Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components & solutions, communication modules and power supply modules. Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world. For more information, visit Murata's website at www.murata.com