Commission Decision No. 34-M-028/2019:
In the Matter of the Proposed Acquisition by Mikuni Toyo Co., Ltd. Of All Shares
in Hitachi Terminals Mechatronics Philippines Corporation

ABSTRACT:

The proposed transaction is the acquisition by Mikuni Toyo Co., Ltd. of 100% of the issued shares belonging to Hitachi Omron Terminal Solutions (HOTS) in Hitachi Terminals Mechatronics Philippines Corporation (HTMP). Mikuni Toyo Co., Ltd., the acquiring entity, is a company incorporated in Japan engaged in the business of production / manufacturing and assembly of electronic equipment such as but not limited to: Electronic board for air conditioning systems; Electronic board for infrastructures such as elevators; Auto equipment such as remote key starter; LCD Portable Machine Type; Drive Recorder; and Air cell cushion for wheel chairs.

Hitachi Omron Terminal Solutions (HOTS), is a company incorporated in Japan, is the owner of One Hundred (100%) Percent of the issued shares in Hitachi Terminals Mechatronics Philippines Corporation, the acquired party in the said transaction. Hitachi Terminals Mechatronics Philippines Corporation (HTMP), the acquired party, is a corporation organized under Philippine law. Under its Articles of Incorporation, its primary purpose is to manufacture, develop, process, fabricate, assemble, install, buy, sell on whole sale, export, import, market, distribute and otherwise trade or deal in and with products, goods, commodities, materials, articles, wares and merchandise relating to electronic and mechanical equipment and goods of similar nature, to develop systems incorporating such equipment; and to provide other related services.