CITIC Capital Partners has launched a tender offer to acquire a controlling stake of Schott Moritex Corporation through MV Japan Co., a special purpose company established under CITIC Capital Japan Partners II, L.P., the former’s second Japan cross-border focused buyout fund.

 

MV Japan concluded an agreement on the tender offer on  December 5 with Schott AG, the parent company of Schott Nippon K.K., which is supported by Schott Moritex.

 

Schott Moritex has been building its position in machine vision and related industries based on technological capabilities and customer relationships.  In particular, it holds the second largest share globally of the machine vision lenses market, and the fourth in the machine vision LED lighting for image processing applications market.  Both markets are expected to grow in the coming years, and this positive outlook will contribute to further growth of Schott Moritex’s main business.

 

“The worldwide demand for machine vision products is expected to increase due to both the miniaturization of products and the automatization of inspection processes arising from labor cost hikes in emerging countries.  To expand our business, we will need to build up our domestic and overseas sales strategy, across Asia and especially in China.  Schott Moritex will be required to deliver its technological advantages to potential customers, and strengthen our sales force to further expand our customer base,” said Masakazu Kanoh, spokesman for Schott Moritex.