Nissha Acquires Printed Electronics Business of GSI Technologies, LLC
Expanding Product Lineup for Medical and Health Care Applications, and Securing New Sales Channel in North American Market
October 18, 2017
Nissha Co., Ltd.
Nissha USA, Inc., a wholly owned subsidiary of Nissha Co., Ltd., concluded a business purchase agreement between its subsidiary Si-Cal Technologies, Inc. and GSI Technologies, LLC, acquiring the latter’s printed electronics business.
Reasons for Business Acquisition
With the February 2014 acquisition of Si-Cal Technologies into its Industrial Materials business, Nissha entered into and expanded operations in the printed electronics field, starting with printed sensor films for medical applications.
GSI Technologies boasts excellent technology and production capabilities in printed electronics, and particularly in printed sensor films for medical and healthcare applications. The company has a solid track record in the United States in the production and sales of products such as test strips for glucose meters, and sensor circuits for microfluidic devices.
Through the latest business acquisition, Nissha USA seeks to further expand its product lineup and customer base, improve its production efficiency, and accelerate growth in the printed electronics market.
GSI Technologies boasts excellent technology and production capabilities in printed electronics, and particularly in printed sensor films for medical and healthcare applications. The company has a solid track record in the United States in the production and sales of products such as test strips for glucose meters, and sensor circuits for microfluidic devices.
Through the latest business acquisition, Nissha USA seeks to further expand its product lineup and customer base, improve its production efficiency, and accelerate growth in the printed electronics market.
Outline of GSI Technologies
| Name | GSI Technologies, LLC |
|---|---|
| Address | 311 Shore Drive, Burr Ridge, IL 60527, U.S.A. |
| Established | 1985 |
| Representative | Dave Austin, President and COO |
| Business description | Functional printing for medical care, healthcare, automotive, and electronics applications |
Outline of Si-Cal Technologies
| Name | Si-Cal Technologies, Inc. |
|---|---|
| Address | 11 Walkup Drive Westborough, MA 01581, U.S.A. |
| Established | 2014 |
| Representative | Jaye Tyler, President and CEO |
| Business description | Productionand sales of decorative films and printed electronics products in North and Central America |
Outlook for the Future
The impact of the acquisition on the Nissha’s consolidated financial performance is expected to be immaterial. Prompt disclosure will be made should the need arise regarding revision of forecasts and other matters.
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