Advantech Announced the Completion of OMRON Nohgata, Renamed as “Advantech Technologies Japan”
Advantech (2395.TW) today announced the completion of the 80% stake acquisition of OMRON Nohgata, a subsidiary of OMRON Corporation (TYO 6645). OMRON Nohgata will now be known as “Advantech Technologies Japan” (ATJ) . ATJ is located in Nogata Fukuoka Japan, focusing on application markets in factory automation, machinery, and medical sectors.
ATJ will be led by the current management team and will join Advantech’s Embedded IoT Business Group (EIoT SBG) in developing new products and integrating sales resources. With this acquisition, Advantech will effectively expand its embedded system market share in Japan and enhance its localized manufacturing services capability. Advantech further envisions cooperation with OMRON Corporation in IoT platform development.
Mr. Miller Chang, the president of Embedded IoT Group, stated that, “Japan is Advantech’s strategic market for IoT business opportunities. It is our view that there are big opportunities in both industrial and IoT markets given the strong and advanced industrial demand. Japan-based industrial customers generate stable demand and moderate growth in embedded system markets annually. The current core business of ATJ is Design & Manufacturing Services (DMS) for domain customers such as healthcare, robotics industry, and machine builders. In the future, ATJ will cooperate with Advantech Japan’s Tokyo office in sales organization and leverage Advantech’ strength in centralized component procurement, embedded computing design-in capability, and WISE-PaaS IoT platforms to expand their business scope. We believe this acquisition can hugely improve the competitiveness of ATJ and enhance Advantech’s domestic market coverage in Kyushu and other parts of western Japan.”