Satori Electric CO., LTD acquires majority shares position in MAGnetIC Holding B.V.
Satori’s Executive officer Masami Ogawa and ZIF director Johan Sebregts, with Richard Visee (left side) and Gert van der Horn, SystematIC’s CTO, (right side)
On February 19th 2024, Satori Electric Co. Ltd. (“Satori”, Tokyo, 7420:TYO) and the shareholders of MAGnetIC Holding B.V. (“MAGnetIC”, Delft, the Netherlands) have reached an agreement on the purchase of shares in MAGnetIC by Satori. With this transaction Satori will obtain a majority shares position in MAGnetIC and its subsidiary SystematIC design B.V. ("SystematIC")
Satori is a company engaged in the development, production and sale of electronic components and equipment. The company offers state-of-the-art devices to customers in various countries and regions around the world.
MAGnetIC and its subsidiary SystematIC are active in analog mixed-signal Integrated Circuit (IC) design and related customer-specific products, providing IC development as well as production-related support.
Satori’s executive officer Mr. Masami Ogawa states: "MAGnetIC’s specialties are IC design using self-developed proprietary analog cores and its cooperation with major semiconductor manufacturers as well as fabless companies to develop custom ICs. With its unique technical strength and expertise, the company is able to design high-performance analog and mixed-signal systems that are widely used in mobile, industrial and consumer applications, providing high-quality solutions optimized for specific applications. Our acquisition aims to create synergies by incorporating semiconductor design technology and an excellent semiconductor design team and combining them with our strong customer base and long-cultivated sales capabilities. Additionally, we aim to expand and enhance our business portfolio, while strengthening our solution capabilities to better address customers' challenges."
MAGnetIC’s CEO Richard Visee says: "This acquisition opens up further global expansion for MAGnetIC. Starting from the European and Japanese markets we will actively expand in the Chinese, Taiwanese, South Korean, American and Indian markets. Satori’s customer base and global presence combined with our technology will take our combined customer propositions and customer support to a next level."
In this transaction Satori will acquire all shares in MAGnetIC currently held by the Zeeuws Investeringsfonds B.V., the former investor. The transaction is subject to the approval of the governmental authorities in the Netherlands and therefore the closing date is not fixed at this stage.
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