Exclusive financial advisory to Tosei Engineering Corp.

KPMG Corporate Finance LLC acted as exclusive financial advisor to Tosei Engineering Corp.

KPMG Corporate Finance LLC (“KPMG CF”) acted as exclusive financial advisor to Tosei Engineering Corp. (“Tosei”) on its acquisition of Schmitt Dynamic Balance Systems (“SBS”) business line from Schmitt Industries (“Schmitt”).

Tosei is a wholly-owned subsidiary of Tokyo Seimitsu Co., Ltd. (“ACCRETECH” or the “Company”), which is headquartered in Hachioji, Japan and was founded in 1949. Accretech designs, manufactures and sells semiconductor manufacturing equipment and measuring products.

SBS, based in Portland, OR., develops, manufactures, and sells balancers that are used in machine tool grinding work, laser measurement instruments, and other products. These systems are widely used by machine tool manufacturers and grinder users, as well as many automobile, aerospace, steel, bearing, and rotating part manufacturers.

“We are confident to have found the ideal strategic partner for SBS® in ACCRETECH,” said Michael Zapata, CEO of Schmitt. “Thanks to its expertise in measuring systems, ACCRETECH is able to maximize the SBS® business line while continuing to offer first-class support to all SBS® customers.”

“I am extremely pleased to welcome the SBS® product group to the product lineup of the ACCRETECH Group, and I am certain that this expansion of our product portfolio will contribute to providing cost reductions and solutions for higher degrees of freedom to our customers,” said Hitoshi Yoshida, President and CEO of Tokyo Seimitsu Co., Ltd. “Together with SBS, we will continue to build the Win-Win relationships that are the motto of the ACCRETECH Group.”

Why KPMG

KPMG CF and KPMG FAS Co., Ltd. (Japan) provided buy-side advisory services for this cross border transaction which closed in November 2019. We offered:

  • Deep expertise in industrial technology
  • Seamless cross-border transaction team to provide relationship and execution expertise in Japan and the US
  • Extensive public company M&A experience

KPMG Corporate Finance LLC

The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv based on number of completed transactions, in 2018.

Shez Bandukwala

Shez Bandukwala

Managing Director, KPMG Corporate Finance LLC

+1 312-665-1067


Tosei Engineering Corp.
 
 
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