Nissha Acquires Printed Electronics Business of GSI Technologies, LLC

Expanding Product Lineup for Medical and Health Care Applications, and Securing New Sales Channel in North American Market

October 18, 2017

Nissha Co., Ltd.

Nissha USA, Inc., a wholly owned subsidiary of Nissha Co., Ltd., concluded a business purchase agreement between its subsidiary Si-Cal Technologies, Inc. and GSI Technologies, LLC, acquiring the latter’s printed electronics business.

Reasons for Business Acquisition

With the February 2014 acquisition of Si-Cal Technologies into its Industrial Materials business, Nissha entered into and expanded operations in the printed electronics field, starting with printed sensor films for medical applications.
GSI Technologies boasts excellent technology and production capabilities in printed electronics, and particularly in printed sensor films for medical and healthcare applications. The company has a solid track record in the United States in the production and sales of products such as test strips for glucose meters, and sensor circuits for microfluidic devices.
Through the latest business acquisition, Nissha USA seeks to further expand its product lineup and customer base, improve its production efficiency, and accelerate growth in the printed electronics market.

Outline of GSI Technologies

Name GSI Technologies, LLC
Address 311 Shore Drive, Burr Ridge, IL 60527, U.S.A.
Established 1985
Representative Dave Austin, President and COO
Business description Functional printing for medical care, healthcare, automotive, and electronics applications

Outline of Si-Cal Technologies

Name Si-Cal Technologies, Inc.
Address 11 Walkup Drive Westborough, MA 01581, U.S.A.
Established 2014
Representative Jaye Tyler, President and CEO
Business description Productionand sales of decorative films and printed electronics products in North and Central America

Outlook for the Future

The impact of the acquisition on the Nissha’s consolidated financial performance is expected to be immaterial. Prompt disclosure will be made should the need arise regarding revision of forecasts and other matters. 
- The content of the web is information at press time, may change thereafter without notice. Due to risks and uncertainties, predictions may differ from actual results. Please be forewarned.
- "Nissha" is a generic name of Nissha Co., Ltd. and "Nissha Group" is a Nissha Co., Ltd. and its group companies.

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