Japanese PE firm NSSK to buy Fujikura’s power transmission component unit
Japanese yen. Photo from Pixabay.com
May 17, 2021
Japanese middle-market private equity firm Nippon Sangyo Suishin Kiko (NSSK) has agreed to acquire Tokyo-headquartered Fujikura’s power transmission component business.
The investment is being made through NSSK’s second fund. The financial terms of the deal remain undisclosed. The transaction is slated for completion on October 1, 2021, NSSK said in a statement.
The target unit comprises Fujikura Components and Fujikura Line Tech Taiwan. Fujikura Components’ current management team will continue to manage the company, NSSK added.
Founded in 1949, Fujikura Components makes electric power transmission components and spiral products attached to overhead power transmission lines and underground cables for electric power companies and renewable energy operators in Japan.