Transaction Details
August 7, 2017
San Francisco, Osaka
Sector
Industrials and Industrial Technology
Deal Type
M&A
Deal Value
N/D
GCA advises Kyocera on its acquisition of Senco
GCA acted as exclusive financial advisor to Kyocera, a global manufacturer of electronic equipment and components, on their acquisition of Senco, a manufacturer of fasteners and power fastening tools. We have advised on 28 cross-border and 22 Industrials sector transactions since the beginning of 2017.
Kyocera Corporation, headquartered in Kyoto, Japan, is a leading manufacturer of tools, industrial ceramics, electronic equipment and electronic components. The company entered the industrial tools market in the 1970s with a line of high-speed metal processing tools.
Senco, established in 1948 and based in Cincinnati, Ohio, is a leader in manufacturing power fastening tools for residential, commercial, manufacturing and construction applications. Senco’s diverse product range includes pneumatic and electric nailers, staplers, screw systems, and compressors. Its products are sold in more than 40 countries worldwide.
With this acquisition, which is the latest in Kyocera’s efforts to expand its tool business, Kyocera plans to increase its sales of fastening tools and fasteners to approximately $360 million (¥40 billion) by the fiscal year ending March 31, 2021. The company has recently expanded its cutting tool business from its core product range of metal process tools into other applications in medical and woodworking. It entered the pneumatic tool business in 2011 with the acquisition of Unimerco Group in Europe. The acquisition of Senco adds a strong US footprint and improves Kyocera’s product development capabilities.