The company intends to leverage this acquisition to acquire local manufacturing bases and a supply chain for its water treatment facilities business, targeting the electronics industry in Europe to expand business globally in the electronics industry.
WD News: Kurita Water Industries Ltd has announced the acquisition of Arcade Engineering GmbH, Arcade Industries SAS, and Arcade Engineering AG. Kurita Europe GmbH, a subsidiary of Kurita, has concluded a share transfer agreement, under which KEH acquires all issued shares, with Arcade Holding SAS, the parent company of Arcade Germany, Arcade France, and Arcade Switzerland.
Kurita will build a business foundation for responding promptly to the growth in demand for water treatment facilities for the electronics industry, which partly reflects the European Chips Act, thus driving business expansion to the electronics industry in Europe.
Further, Kurita will combine products, technologies, and business models of the Kurita Group, including KEH and Kurita (Singapore) Pte. Ltd., a subsidiary of Kurita, with the solution capabilities of Arcade Germany, Arcade France, Arcade Switzerland, and Arcade Asia, in its efforts to enhance solutions which contribute greatly to saving water, cutting CO2 emissions, and reducing waste.
Source & image courtesy: Kurita
