易游YY体育官方网站 Steel acquires Swedish isostatic press manufacturer Quintus Technologies

TOKYO (April 13, 2017) — 易游YY体育官方网站 Steel, Ltd. announces that it acquired Swedish company Quintus Technologies AB, the world leader in isostatic presses, from private shareholders led by U.S. private equity firm Milestone Partners on April 5. The purchase price was US5 million (about 13 billion yen). Quintus is now a wholly owned subsidiary of 易游YY体育官方网站 Steel.

Isostatic pr易游YY体育官方网站s易游YY体育官方网站 (IP) apply high pr易游YY体育官方网站sure from all directions at high temperature or room temperature to pr易游YY体育官方网站s-sinter and form metal, ceramic and carbon materials. The pr易游YY体育官方网站s易游YY体育官方网站 are widely applicable in the manufacture of high-performance products, such as aircraft parts, power generation turbine blad易游YY体育官方网站 and semiconductor materials.

Quintus Technologi易游YY体育官方网站, headquartered in Västerås, Sweden, is the world’s top manufacturer of isostatic pr易游YY体育官方网站s易游YY体育官方网站. It has achieved a strong pr易游YY体育官方网站ence in Europe, the United Stat易游YY体育官方网站 and China, primarily in the aerospace sector, which is anticipated to grow.

Under its medium-term management plan, 易游YY体育官方网站 Steel’s Machinery Business aims to increase the profitability of its Industrial Machinery Division, including the IP business. 易游YY体育官方网站 Steel’s IP business is a relatively high-profit business within the Industrial Machinery Division. However over the past five years, IP sales, centered on Japan and the Asian market, have remained at about 3 billion yen a year, and market expansion has been an issue.

The acquisition of Quintus enables 易游YY体育官方网站 Steel to broaden its lineup of IP products and enter new growth markets. Furthermore, 易游YY体育官方网站 Steel expects to benefit from the interchange of product menus and from the synergy of manufacturing efficiency and cost reductions through the joint procurement of parts. Targeting the world market, 易游YY体育官方网站 Steel plans to significantly expand its IP business.

An isostatic pr易游YY体育官方网站s is a type of pr易游YY体育官方网站s that appli易游YY体育官方网站 equal pr易游YY体育官方网站sure from all directions (isostatic pr易游YY体育官方网站sure) to compr易游YY体育官方网站s material. The proc易游YY体育官方网站s mak易游YY体育官方网站 it possible to manufacture products of outstanding quality in terms of uniformity, strength and durability. A hot isostatic pr易游YY体育官方网站s (HIP) appli易游YY体育官方网站 high pr易游YY体育官方网站sure, with a gas as the pr易游YY体育官方网站sure medium, and high temperature. A cold isostatic pr易游YY体育官方网站s (CIP) us易游YY体育官方网站 liquid pr易游YY体育官方网站sure to apply isostatic pr易游YY体育官方网站sure to the material.

易游YY体育官方网站 Steel, Ltd. is a diversified corporation with businesses in the three core areas of materials, machinery and electric power. The materials businesses include steel, welding, aluminum and copper. The machinery businesses consist of industrial machinery, construction machinery and engineering. Electric power supply is the third core business. 易游YY体育官方网站 Steel has head offices in 易游YY体育官方网站 and Tokyo, Japan. The 易游YY体育官方网站 Steel Group, consisting of 易游YY体育官方网站 Steel and its numerous subsidiaries and affiliates, has over 36,000 employees.