Kitz to Acquire V TEX to Boost Semiconductor-Focused Valve Business

KITZ Corporation hereby announces that it has resolved, at a meeting of the Board of Directors held today, to acquire all shares of V TEX Corporation (hereafter, “V TEX”), which are owned by Kanadevia Corporation (hereafter, “Kanadevia”), and make V TEX a subsidiary of the Company. The details are described below.
Under its Long-term Vision “Beyond New Heights 2030 – Change the Flow,” the Company Group has identified digitalization as a growth opportunity and positioned the semiconductor field as one of its priority areas, strategically allocating management resources to this domain.
In recent years, semiconductor manufacturing processes have required further miniaturization and higher levels of integration, increasing the importance of vacuum-process stability and precise pressure control. Reflecting these trends, the vacuum valve market for semiconductor applications is expected to continue expanding steadily over the medium to long term and strengthening the Company Group’s vacuum valve business has become an important management priority.
V TEX has an established track record in industrial special valves, particularly vacuum valves used in semiconductor applications, and is the only manufacturer of rupture disks in Japan. The vacuum valve technologies developed by V TEX have a high degree of compatibility with those of KITZ SCT Corporation and are expected to contribute to enhancing the Company Group’s product competitiveness for advanced semiconductor processes. In addition, V TEX’s rupture disk business is expected to generate synergies not only in the semiconductor field but also across the Company Group’s valve and fluid-control solutions for a wide range of industries.
The Company has determined that welcoming V TEX into the Company Group will be effective in establishing a medium- to long-term growth foundation in the semiconductor field, while also enhancing the competitiveness and corporate value of the entire Company Group. Accordingly, it has decided to proceed with the Share Acquisition.