Schott to acquire 100% of NEC Schott Components Corporation

Schott has announced that it has entered into an agreement with its current joint venture partner NEC Corporation to purchase the remaining shares in the joint venture NEC Schott Components.

Schott, a leading international technology group in the areas of specialty glass and glass-ceramics with its headquarters in Mainz (Germany), is looking to further strengthen its position on the important Japanese market for electronic components.

For this reason, the company has decided to enter into an agreement with its current joint venture partner NEC Corporation to purchase the remaining shares in the joint venture NEC Schott Components Corp., Minakuchi (Japan). With the acquisition of NEC Corporation’s 49% share, the joint venture will become a fully-owned Schott subsidiary. The transaction is expected to be concluded by the end of the year.

NEC Schott Components Corp. is one of Japan’s leading electronic component manufacturers for glass-to-metal seals and thermal fuses. Key applications for these products include electronic devices, consumer electronics, the automotive industry and optoelectronics. NEC Schott Components Corp. was founded in 2000 and employs around 190 people.