Nabtesco Corporation was established following the integration of two time-honored companies―Teijin Seiki Co., Ltd. and NABCO Ltd.
<History of Business Integration>
Teijin Seiki and NABCO, following the formation of their business partnership in the hydraulic equipment business, came to share the view that business integration would be a very useful tool for helping enhance their corporate value and ensuring sustainable development, while at the same time recognizing each other’s product lineup, core technology, corporate strategy and corporate culture.
Based on this recognition, the two companies established a pure holding company, Nabtesco in 2003, through a stock transfer scheme. Under the holding-company structure, the two companies became its wholly owned companies. After one-year’s preparation, the holding company absorbed Teijin Seiki and NABCO through a simplified merger method, with Nabtesco shifting to an operating holding company.
In 2004, the two companies were absorbed and merged into Nabtesco Corporation.
| 2002 |
|
| * April |
Teijin Seiki and NABCO Started the business collaboration of oil hydraulic equipment in the following areas:
1) material procurement;
2) joint product procurement;
3) joint development;
4) and cooperative marketing efforts. |
| * November |
Concluded the Basic Agreement on Business Consolidation. |
| 2003 |
|
| * March |
Concluded the Formal Agreement on Business Consolidation. |
| * June |
Approved the business consolidation at the shareholders' meeting of TS Corporation and NABCO Ltd. |
| * September |
Established a holding company "Nabtesco Corporation." |
| 2004 |
|
| * July |
Signed the Merger Agreement at the board meeting for authorizing the merger. |
| * October |
Registered the business consolidation of both companies.
Started as an operation holding company "Nabtesco Corporation." |
