SCHOTT continues to focus on its core competencies

The international technology group SCHOTT has announced the sale of its 71.6% share in the Japanese company SCHOTT MORITEX Corporation to MV Japan Co., Ltd. by way of a public takeover bid.  SCHOTT and MV Japan signed an agreement on the transaction earlier today. SCHOTT Moritex Corporation supports the planned takeover bid.

SCHOTT is a leading technology glass manufacturer and has been active in Japan for almost 50 years. The recent strategy alignment and focus on core capabilities which are mainly related to specialty glass, glass ceramics and its processing led to the carve out of SCHOTT Moritex. SCHOTT is highly committed to continue and to expand the business in Japan and to drive innovation in all current business areas with SCHOTT NIPPON in Tokyo and Minakuchi (Koka city, Shiga) covering sales, technical sales and development activities, as well as by the joint venture company NEC SCHOTT Components which is also based in Minakuchi.

SCHOTT MORITEX develops, manufactures, and markets a diverse range of key devices and systems supporting high tech industries, using its core technologies mainly in the fields of optical fiber and machine vision. With its unique strength of optical and lighting technologies since its establishment in 1973, SCHOTT MORITEX has been providing its machine vision products mainly for LCD production equipment industry, semiconductor industry and electronics manufacturing industry. The company is enjoying the largest market share in machine vision industry. SCHOTT MORITEX is listed in the first section of the Tokyo Stock Exchange. SCHOTT acquired its majority shareholding in 2008.

SCHOTT is an international technology group with 130 years of experience in the areas of specialty glasses and materials and advanced technologies. SCHOTT ranks number one in the world with many of its products. Its core markets are the household appliance, pharmaceutical, electronics, optics and transportation industries. The company is strongly committed to contributing to its customers’ success and making SCHOTT an important part of people’s lives with high-quality products and intelligent solutions. SCHOTT is committed to managing its business in a sustainable manner and supporting its employees, society and the environment. The SCHOTT Group maintains close proximity to its customers with manufacturing and sales units in 35 countries. Its workforce of 15,400 employees generated worldwide sales of 1.84 billion euros for the 2012/2013 fiscal year. SCHOTT AG, with its headquarters in Mainz (Germany) is owned by the Carl Zeiss Foundation. www.schott.com