July  28,  2016

Alps  Electric  Co., Ltd. (Ota-ku,  Tokyo;  President:  Toshihiro  Kuriyama) has signed  a  share transfer agreement  with  Innovation  Network  Corporation  of  Japan  (INCJ;  Chiyoda-ku,  Tokyo;  President   Mikihide  Katsumata)  and  has  today  acquired  all  INCJ-held  shares  of  Alps  Green  Devices  Co.,  Ltd.
(AGD; Ota-ku, Tokyo; President : Motohiro Shimaoka). AGD becomes a wholly owned subsidiary of Alps Electric as a result.   
 
Alps Electric established AGD  on May  17,  2010, by  spinning  off its magnetic materials  and  thin film process technology development operations with the help of an INCJ investment.
The purpose of the new  company  was  to  develop,  manufacture  and  sell  compact,  high-efficiency  power  conversion  and control  devices  that  will  enable  the  creation  of  a  low-carbon  society. 

AGD  has  so  far  engaged  in development and commercialization of power electronics products.

Since  its  establishment,  AGD  has  successively  developed  and  launched  such  products  as  power inductors  making  use  of  proprietary  material  Liqualloy™  and  current  sensors  integrating  magnetic materials and thin film process technology.

The company has already achieved some degree of success on the market, for example by contributing to low power consumption by smartphones and PCs as well as power usage visualization inside distribution boards.  

Meanwhile,  Alps  Electric  has  made  targeting  the  energy  market  a  priority  theme.  While  advancing development of sensor varieties and communication modules, the company is making efforts to shift the energy-related  business  into  full  gear,  as  illustrated  by  its  commercialization  of  power  conversion modules integrating AGD-developed toroidal coils and current sensors.

Alps Electric is also continuing efforts to generate and enhance open innovation and synergies relating to magnetic materials and thin film process technology and is actively pursuing commercialization of those technologies in the energy market. For example, Tohoku Magnet Institute Co., Ltd. (TMI; Sendai,
Miyagi Prefecture; President: Munemitsu Abe) was established on November 5, 2015, with the aim of commercializing a magnetic material developed by Tohoku University.
Alps Electric invested in the joint venture  along  with  Tohoku  University  Venture  Partners  Co.,  Ltd.  (Sendai,  Miyagi  Prefecture;  Tetsuji Yanami) and others and has currently set out to develop devices applying the material.  

In light of these developments, Alps Electric has acquired all AGD shares held by INCJ to make AGD a wholly  owned  subsidiary  and  thereby  strengthen  links  between  AGD’s  business  and  Alps  Electric’s power  electronics  business.
Together  with  efforts  to  generate  and  enhance  open  innovation  and synergies through the TMI joint venture, Alps Electric aims to realize a more dynamic, diversified style of operations that will accelerate the strengthening of a foundation for the energy market and the pace of
business.  
 

The impact of the acquisition of shares on consolidated financial performance for the fiscal year ending
March 31, 2017, is expected to be minimal.   

 

 

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