Industrial M&A Japan
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Japan’s Pump Industry and M&A: Fragmented Markets and Cross-Border Succession
Japan’s pump industry has long benefited from stable demand as a business-to-business infrastructure sector. Over the past decade, however, its competitive landscape has changed substantially. Transactions including Nikkiso’s acquisition of the Cryogenic Industries group in 2017, its subsequent sale of LEWA and Geveke in 2022, the Dutch Verder group’s acquisition of MicrotracBEL in 2019, Noritz’s…
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Japan’s Cutting Tools Sector and M&A: Structural Transformation Driven by the Race for Tungsten, the EV Transition and Global Consolidation
Introduction: A Less Visible Industry at the Heart of Japanese Manufacturing Cutting tools and cemented-carbide tools perform the final stages of metalworking across automotive components, aircraft, dies and molds, semiconductor manufacturing equipment, construction machinery and medical devices. They support what might be described as the final micron of advanced manufacturing. The product range includes taps,…
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Japan’s Valve Industry and M&A: Semiconductor, Hydrogen and Data Center Demand Is Redefining Fluid-Control Consolidation
1. Introduction: Why Is Japan’s Valve Industry Entering a New Phase of Consolidation? Valves and other fluid-control equipment are used across nearly every form of industrial and social infrastructure, from water supply systems, building services and petrochemical plants to ships, nuclear power stations, semiconductor manufacturing equipment, hydrogen stations and data center cooling systems. The sector…