Common Ground Corporate Finance is happy to announce the successful transfer of the coordinate measuring machine (CMM) business from Nikon Metrology to ASF Metrology. Common Ground acted as the exclusive advisor to Nikon Metrology.
Nikon Metrology, a wholly owned subsidiary of Nikon Corporation, has its headquarters in Leuven (B), and is active in the field of metrology solutions for applications ranging from miniature electronics to the largest aircrafts. CMM is a one of the specific product lines that enables customers in the automotive and aerospace industries to optimize their inspection processes and improve product quality.
As a part of a strategic product review, Nikon has decided to focus on optical 3D Metrology and X-ray/CT technology and to divest the CMM business.
ASF Metrology is an Italian company with a long-term experience in the CMM market and this focus will enable the business to expand the existing solid customer base.
“Common Ground helped us in approaching a limited number of strategic and financial buyers and was able to negotiate a well balanced and attractive transaction in line with our strategy to also maintain a close relationship between both entities, each from their own strength”, says Hajime Kosawa-san, CEO of Nikon Metrology. “Also in the execution of the transaction, Common Ground ensured a swift and efficient process of this sophisticated asset deal.”