MISUMI, a provider of mechanical components for automation headquartered in Japan, has signed an agreement to acquire Fictiv.
As per Dave Evans, Fictiv’s CEO’s words, the company sees in this opportunity a joint vision to make “access to world-class manufacturing & supply chain capabilities easier, more accessible, more intelligent, and democratized.”
Given the volatility of both the manufacturing and supply chain industries, fueled by shifts in global tariff and trade policy, geopolitical uncertainty, logistics disruptions, and technology developments; traditional manufacturing and supply chain methods need to be rethought.
“This is an exciting moment for our company, but an even more important one for our customers, as this acquisition will enable us to turbocharge our mission to simplify sourcing,” said Nate Evans, Co-Founder & CXO, Fictiv. “Fictiv and MISUMI bring together digital and physical infrastructure to support a full bill-of-materials, and reduce the time, cost, and risk associated with building and scaling products.”
Fictiv’s manufacturing network and the transaction
Fictiv’s Global Manufacturing Supply Chain brings together AI-driven technology workflows, a world-class global manufacturing network, and teams of local manufacturing experts to simplify sourcing for custom mechanical components. To date, Fictiv has produced over 35 million commercial and prototype components for some of the world’s most innovative products. Its customers range from early-stage to large enterprises in the aerospace, robotics, clean energy, consumer, and automotive sectors. Customer adoption of Fictiv’s solution has grown at a rapid pace, accelerated further by the recent launch of production manufacturing solutions.
The all-cash transaction has a total consideration of $350 million, subject to closing adjustments. Once closed, Fictiv will join MISUMI.
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