Friday, February 22, 2019

KYOCERA to Acquire 100% Ownership of Van Aerden Group BV, a European-based Manufacturer of Pneumatic Tools

BWW News Desk
February 04, 2019

Kyocera Corporation TOKYO6971 today announced that its subsidiary Kyocera Senco Industrial Tools Inc a US pneumatic and cordless power tool manufacturing and sales company based in Cincinnati Ohio has concluded an agreement to acquire 100 of the shares of Van Aerden Group BV a European pneumatic tool manufacturing and sales company In addition to manufacturing pneumatic tools and related products Van Aerden Group sells power tools under multiple brands including Senco as a distributor p p Effective March 1 2019 Van Aerden Group BV will be renamed Kyocera Aerfast Europe BV With the manufacturing and sales assets brought by this acquisition Kyocera aims to strengthen its pneumatic tool business in Europe p p bAcquisition Background and ObjectivesbbrIn recent years Kyocera has expanded its tool business by diversifying from its core line of industrial metal processing tools It entered the pneumatic tool business in Northern Europe and Germany in 2011 through the acquisition of the Unimerco Group now a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fwwwkyoceraunimercocom2Fampesheet51935129ampnewsitemid20190203005052amplanenUSampanchorKyoceraUnimercoA2FSampindex1ampmd539f2b801c74dd2ce76e0ecf58fdcbba8 relnofollowKyocera Unimerco ASa In 2017 Kyocera acquired Senco Holdings Inc now a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fwwwsencocom2Fampesheet51935129ampnewsitemid20190203005052amplanenUSampanchorKyoceraSencoIndustrialTools2CIncampindex2ampmd5b5a2957b27c64090e4d08eb7a1ba75d5 relnofollowKyocera Senco Industrial Tools Inca known for its broad range of highquality pneumatic and cordless power tools in the US the worlds largest market for nailers p p Van Aerden Group manufactures the Aerfast brand of pneumatic tools including nailers and staplers with sales operations in more than 10 European countries Van Aerden Group has already built a strong collaborative relationship with Kyocera as an important European distributor for Kyocera Senco Industrial Tools since August 2017 p div classbwreleasetabletable cellspacing0 classbwtablemarginb tr td classbwpadl0 bwvertalignt bwalignl bwsinglebottom colspan3 p classbwcellpmargin bOverview of Van Aerden Groupb p td tr tr td classbwpadl0 bwnowrap bwpadr0 bwvertalignt bwalignl bwsinglebottom Company name td td td td classbwpadl0 bwvertalignt bwalignl bwsinglebottom Van Aerden Group BV td tr tr td classbwpadl0 bwvertalignt bwalignl bwsinglebottom CEO td td td td classbwpadl0 bwvertalignt bwalignl bwsinglebottom JeanMarie Huybrechs td tr tr td classbwpadl0 bwvertalignt bwalignl bwsinglebottom Established td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignt bwalignl bwsinglebottom 1926 td tr tr td classbwpadl0 bwvertalignt bwalignl bwsinglebottom Headquarters td td td td classbwpadl0 bwvertalignt bwalignl bwsinglebottom Amsterdam the Netherlands td tr tr td classbwpadl0 bwvertalignt bwalignl bwsinglebottom Business td td td td classbwpadl0 bwvertalignt bwalignl bwsinglebottom Manufacturing and sales of pneumatic tools and related products td tr tr td classbwpadl0 bwvertalignt bwalignl bwsinglebottom p classbwcellpmargin Employees p td td classbwsinglebottom td td classbwpadl0 bwvertalignt bwalignl bwsinglebottom 214 as of January 31 2019 td tr tr td colspan3 td tr table

SOURCE: BUSINESS WIRE. ©2015 Business Wire

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