News
Management integration of Aisin comCruise Co., Ltd. and AW SOFTWARE Co., Ltd. formally agreed
Aug. 29, 2019
News Release
Aisin Seiki Co., Ltd. (Head Office: Kariya, Aichi, President: Kiyotaka Ise), Aisin AW Co., Ltd. (Head Office: Anjo, Aichi, President: Kazuhisa Ozaki), Aisin comCruise Co., Ltd. (Head Office: Nagoya, Aichi, President: Yasunobu Ito, hereinafter, "ACC"), and AW SOFTWARE Co., Ltd. (Head Office: Sapporo, Hokkaido, President: Yasunobu Ito, hereinafter, "AW-SW") had discussions toward management integration of ACC and AW-SW with a view to completing it in October 2019, after concluding a basic agreement on March 29, 2019. The four companies have formally agreed to integrate management of ACC and AW-SW and name the new company Aisin Software Co., Ltd. (hereinafter, "AISW").
The Aisin Group will make a united effort to offer highly competitive software, thereby contributing to the creation of a new mobility society.
(1) Schedule of management integration
Date of basic agreement (4 companies) March 29, 2019
Date of formal agreement (4 companies) August 29, 2019
Effective date October 1, 2019 (scheduled)
(2) Method of management integration
It is planned that ACC and AW-SW will merge, with ACC and AW-SW being dissolved and AISW becoming the surviving company. It is also planned that AISW's common shares will be allotted as a consideration to Aisin Seiki, a shareholder of ACC, and Aisin AW, a shareholder of ACC and AW-SW.
(3) Profile of AISW
Company name | Aisin Software Co., Ltd. |
Location of Head Office | Advance Square Kariya, 1-1-1 Aioi-cho, Kariya, Aichi |
Capital | 98 million yen |
Shareholder composition | Aisin Seiki: 58.9%, Aisin AW: 41.1% |
Representative | Yasunobu Ito, President |
Offices | 6 locations (Sapporo, Morioka, Nagoya, Kariya, Okazaki, and Fukuoka) |
Number of employees | 735 (as of October 2019) |
Business description | Software design/development |
Reference: Profiles of the two companies being integrated
Company name | Aisin comCruise Co., Ltd. | AW SOFTWARE Co., Ltd. |
Location of Head Office | Nagoya Cross Court Tower 3F, 4-4-10 Meieki, Nakamura-ku, Nagoya, Aichi | 2-1-6 Techno-Park, Shimonopporo, Atsubetsu-ku, Sapporo, Hokkaido |
Established | February 2007 | December 1996 |
Capital | 90 million yen | 20 million yen |
Net sales | 9.4 billion yen (FY ended March 2019) | 4.4 billion yen (FY ended March 2019) |
Number of employees | 521 (as of March 2019) | 175 (as of March 2019) |
Offices | 4 locations (two in Kariya, and Morioka and Fukuoka) | 1 location (Okazaki) |
Business description | Development/assessment of software installed in car devices | Development of application software and map database for car navigation systems |