MISUMI welcomes new AI specialist in the field of global supply chain and manufacturing.
In a strategic move to enhance its global manufacturing and supply chain capabilities, MISUMI Group Inc., a leading global supplier of mechanical components, has announced the acquisition of Fictiv, a prominent player in the supply chain technology sector.
Fictiv, based at www.fictiv.com, has made a significant impact in the industry by delivering over 35 million commercial and prototype parts for various industries, including aerospace, robotics, clean energy, consumer, and automotive.
The acquisition, an all-cash transaction with a total consideration of $350 million, subject to closing adjustments, aims to accelerate the emergence of manufacturing and supply chain solutions that leverage the power of AI.
The deal is subject to customary closing conditions, including regulatory approvals.
J.P. Morgan served as exclusive financial advisor, and Morrison & Foerster LLP served as legal counsel to Fictiv.
Ryusei Ono, Representative Director and President of MISUMI Group Inc., stated that the acquisition will amplify their customers' 'Time Value'. He believes this will be achieved by offering faster, more flexible access to high-quality manufacturing across multiple global locations.
Fictiv's integration into MISUMI will support industries like medical devices, automotive, and consumer electronics by enabling seamless transitions from prototyping to full-scale manufacturing. This, in turn, is expected to drive innovation and profitable growth for MISUMI.
Despite near-term financial impacts and a cautious outlook following the acquisition, the move aims to position MISUMI as a stronger global player in supply chain and manufacturing technology solutions.
Fictiv operates four global manufacturing centers in India, Mexico, China, and the U.S., allowing companies to access high-quality production and optimize supply chain logistics. Its solution offers simplified sourcing for custom mechanical components through AI-driven technology workflows, a world-class global manufacturing network, and local manufacturing experts.
MISUMI is renowned for its strict quality conformance, global logistics excellence, and scalability offered by digital tools and unique customization capabilities. The acquisition is expected to further strengthen these aspects.
Fictiv's Co-Founder & CEO, Dave Evans, believes the acquisition by MISUMI Group Inc. will make manufacturing and supply chain capabilities more accessible and intelligent. He states that the acquisition will enable Fictiv to speed up its mission to simplify sourcing.
MISUMI supplies mechanical components, tools, consumables, and other products to over 318,000 companies worldwide. With the acquisition of Fictiv, the company aims to offer customers "globally Reliable, Quick Delivery", further cementing its position as a reliable partner in the global manufacturing industry.
- The acquisition of Fictiv by MISUMI Group Inc., a leading global supplier, will enhance its supply chain capabilities, particularly in industries like medical devices, automotive, and consumer electronics, by enabling seamless transitions from prototyping to full-scale manufacturing.
- The acquisition is part of MISUMI's strategy to position itself as a stronger global player in supply chain and manufacturing technology solutions, leveraging the power of AI to accelerate the emergence of manufacturing and supply chain solutions.
- Fictiv operates four global manufacturing centers and offers simplified sourcing for custom mechanical components through AI-driven technology workflows, aiming to make manufacturing and supply chain capabilities more accessible and intelligent.
- In the news, MISUMI, known for its strict quality conformance, global logistics excellence, and scalability offered by digital tools and unique customization capabilities, has announced the acquisition of Fictiv, a prominent player in the supply chain technology sector, to offer customers "globally Reliable, Quick Delivery". This move is expected to drive innovation and profitable growth for MISUMI.
