ARQIS has advised Sumitomo Electric Industries. on the acquisition of the European manufacturer of powdered metal components Sinterwerke Herne (SWH, North Rhine-Westphalia, Germany) and Sinterwerke Grenchen AG (SWG, Canton of Solothurn, Switzerland).
The Company’s Powder Metal Products Division operates globally, with Sumitomo Electric Sintered Alloy Ltd. (headquarters: Takahashi City, Okayama Prefecture; President: Toshiyuki Kosuge) as its mother plant. The division provides a wide variety of products primarily for Japanese manufacturers of cars, automotive components and air conditioners.
Taking advantage of these acquisitions, the Company will strive to expand its sales channels to cover European automakers and components manufacturers and increase the presence of its powder metal products business in Europe, aiming to obtain further global business opportunities.
