Realize New Sensor Solutions in IoT, Automotive and ICT

TOKYO & SAN JOSE, Calif. - Wednesday, December 21st 2016 [ME NewsWire]

       Key Transaction Highlights:

    Acquisition promotes further growth in sensor and actuator products, an important part of TDK’s strategic growth plan, and will strengthen TDK’s position as a stronger global player for sensor solutions.
    Transaction brings together more complete portfolio of sensor and software solutions spanning inertial, pressure, microphone and ultrasonic wave sensor products and technologies from InvenSense, with TDK’s pressure, temperature, electric current and various other sensors.
    USD 13.00 per share, representing a 19.9% premium to InvenSense’s closing share price on December 20, 2016 and a 52.4% premium to its 60-day volume-weighted average trading price as of December 20, 2016.
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• The all-cash public tender offer announced on August 1, 2016, by TDK’s subsidiary EPCOS to acquire all publicly-held shares of Tronics has been successful. 

• EPCOS has acquired 72.38% of the outstanding shares at a price of EUR 13.20 per share, and has thus exceeded the defined 65.41%1 success threshold for its offer. The settlement of the tender offer will occur on December 27, 2016. 

• Through the acquisition of Tronics, TDK broadens its portfolio of cutting-edge sensor technologies and strengthens its basis for faster growth in the strategic field of sensors. 

• Thales Avionics will remain a strategic shareholder of Tronics. After the closing of the successful offer, Thales Avionics and EPCOS will enter into a shareholders’ agreement. 

• The tender offer will automatically reopen in the beginning of January 2017 for a period of 10 trading days.

TOKYO & CROLLES, F ... Read more »

 England, United Kingdom. - Wednesday, December 21st 2016 [ME NewsWire]

Soaps and Chemicals Industrial and Trading Co. (SCITRA) was recognized in the New Aerosol of the Year and Sustainability Award Category. The panel of the industry experts described the product a “holistic approach to refill cooking, the product considers the entire process in making and using the product”. The product was recognized as it over comes modern day challenges to not only provide greener environmentally friendly solutions but also to support improved safety.

The combinations of Scitra’s many years of experience in Aerosol manufacturing and Eco-burner zero fuel waste, fully recyclable butane, propane filled product ensures that Eco-burner Chafo’s range of products can be refilled in a safe, convenient, environmentally sustainable and cost effective manner.

“The Eco-burner concept together with the aerosol can refill has been independently teste ... Read more »

 The first oral treatment in 25 years for patients in Japan with these diseases 

SUMMIT, N.J. - Tuesday, December 20th 2016 [ME NewsWire]

(BUSINESS WIRE)-- Celgene Corporation (NASDAQ:CELG) today announced that OTEZLA® (apremilast), Celgene’s oral selective inhibitor of phosphodiesterase 4 (PDE4), has been granted full marketing authorization by Japan’s Ministry of Health, Labor and Welfare (MHLW) for the treatment of adult patients with plaque psoriasis with an inadequate response to topical therapies, as well as adult patients with psoriatic arthritis.

“The approval of the first oral treatment in 25 years for psoriasis is good news. OTEZLA® has a novel mechanism of action, is well tolerated and does not require monitoring before administration. We are pleased that OTEZLA® presents a new treatment option for patients,” said Mamitaro Ohtsuki, M.D., Ph.D., Professor and Chairman, Department of Dermatology, Jichi Me ... Read more »

• World’s largest megawatt PEM electrolyzer deal

• Electrolyzers to provide green hydrogen for fuel cell bus fueling in China

• 3 systems released for shipment; balance to ship over next 18 months

WALLINGFORD, Conn. & FOSHAN, China & YUNFU, China - Wednesday, December 21st 2016 [ME NewsWire]

(BUSINESS WIRE)-- On December 3, 2016 in Shanghai, China, Proton OnSite (“Proton”) signed a contract with Guangdong Synergy Hydrogen Power Technology Co., Ltd. (“Synergy”), to provide megawatt-scale Proton Exchange Membrane (PEM) electrolyzers for the deployment of fuel cell-powered buses in the cities of Foshan and Yunfu, China.

Three of the megawatt systems will ship this summer, and an additional ten systems are planned to ship over the next 18 months, with the opportunity for significant recurring systems to follow. The agreement names Proton as the exclusive supplier of electrolyzers to Synergy and ... Read more »

DALLAS - Tuesday, December 20th 2016 [ME NewsWire]

(BUSINESS WIRE)-- Advanced Integration Technology (“AIT”) announced today that it has agreed to acquire KUKA Systems Aerospace North America (“KUKA Aero”), as recently reorganized, in a carve-out transaction conducted by KUKA Systems North America LLC.

Based in Clinton Township, MI, KUKA Aero is the market-leading integrator of new robotic technologies used in aerospace assembly and a provider of flexible automation solutions and engineering to the aerospace industry. KUKA Aero’s core executive team will remain intact, led by Group Vice President Robert Reno.

“Bob and his team have helped define the state-of-the-art in aerospace automation and built a wonderful company from a standing start 10 years ago, bringing KUKA’s pioneering automation solutions to the aerospace industry,” said AIT Chairman and CEO Ed Chalupa. “Their expertise in robotic solutions is ... Read more »