JUKI makes an equity participation in ESSEGI AUTOMATION S.r.l.

At July-31-2019, the JUKI Corporation (headquarters: Tsurumaki 2-11-1, Tama, Tokyo / President: Akira Kiyohara / called as “JUKI” hereafter), ESSEGI AUTOMATION S.r.l. (headquarters: Vicenza, Italy / CEO: Matteo Padoan / called as “EA” hereafter) which runs the intelligent storage solution business, and the equity holders of EA agreed that JUKI will obtain 49% of entire equity of EA to form a joint venture of intelligent storage solution business.
JUKI and EA (including ESSEGI SYSTEM SERVICE S.r.l., (“ESS”) from which EA has demerged from) have been collaborating with the sales, servicing, and manufacturing activities of the intelligent storage solution business. This time, through this joint venture, JUKI and EA will integrate and harmonize the technologies and resources (including the resources for R&D, Planning and Sales) of both parties to jointly expand and promote the intelligent storage business which is drastically growing. The goal of this joint venture is the accelerated realization of “Entire SMT-Plant automation” combined with JUKI’s SMT-mounter, Optical-Inspector, Solder-paste-printer, Assembly-robot, Automatic-parts-carrier with ICT technology.

(1) Process of acquisition

Execution Date of Agreement	July-31-2019
Closing	Sep-5-2019 (planned) ->JUKI purchase 46.399% by purchase of equity Sep-End-2019 (planned) ->JUKI purchase 2.601% by subscription of new equity
Final ratio of Equity	G.B.P.S.r.l. 51% JUKI Corporation 49%

(2) Outline of ESSEGI AUTOMATION S.r.l.

Establishment	May-23-2019 It is established by demerger of the intelligent storage business entity out of ESS (since March-18-1997)
Location	Via della Tecnica n.33, Sovizzo, Vicenza, Italy
CEO	Matteo Padoan

(3) Collaboration History between ESS and JUKI

April-2013	JUKI started distribution of the intelligent storage system in North / South America and Europe.
April-2014	JUKI started distribution of the intelligent storage system in Japan under the exclusive distributorship granted by ESS.
April-2016	JUKI started licensed production and distribution of the intelligent storage system in Japan, China, Taiwan, Korea, Thailand under the exclusive production and sales right granted by ESS.

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