SWCC Acquires TOTOKU Shares to Expand in Semiconductor and Mobility Markets

SWCC Showa Holdings Co., Ltd. ( (JP:5805) ) has issued an announcement.

SWCC Corporation has announced a strategic acquisition of TOTOKU INC. shares, in partnership with the Development Bank of Japan, to strengthen its position in the semiconductor and mobility markets. This acquisition is expected to drive business expansion and solidify SWCC’s transition into new core business areas, leveraging TOTOKU’s capabilities and aligning with SWCC’s medium-term management plan.

More about SWCC Showa Holdings Co., Ltd.

SWCC Showa Holdings Co., Ltd. operates within the electrical industry, focusing on the manufacturing of electric wires and cables, which are crucial components of social infrastructure. The company is actively pursuing growth and innovation, particularly in the energy infrastructure sector, aiming to become a value-creation company by 2030 through both organic and inorganic growth strategies.

YTD Price Performance: -10.18%

Average Trading Volume: 63

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €1.3B

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