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