Ebara Corporation (hereafter: Ebara) is a Brazilian subsidiary EBARA BOMBAS AMÉRICA DO SUL LTDA as of 2024/10/31 (Thursday). Through (hereinafter: EBAS), we acquired 80% of the issued shares of Asanvil S.A. (hereafter: Asanvil), a Uruguayan pump sales company, and made the company a subsidiary of EBAS.
Uruguayan pump sales company “Asanvil S.A.”Acquisition
~ Establishing the Group's first new sales base in the south-central region of South America to expand market share ~
1. Background and Objective
We are positioning the construction and industry segment as a growth business in our medium-term management plan “E-Plan 2025.” In order to capture growth markets and increase our share in overseas markets, we are actively investing, including M&A, and are proceeding with the establishment of new overseas bases. We have already established 10 new locations (including 3 sites acquired through M&A) in about 5 years from 2020, and this is the 11th location.
In the South American region, the pump market for agriculture, construction, and industry is growing, and we have expanded our business in the same region by utilizing our bases in Brazil and Colombia. With this acquisition, we will acquire a new sales base in Uruguay, which is one of the south-central regions of South America. While aiming to expand our sales share within the country, we will also strengthen our sales network to neighboring countries and further expand our business in the South American region.
2. Overview of Acquired Companies
Company Name: Asanvil S.A.
Year of Establishment: 2012 Location: Canelones Province, Uruguay Business Description: Assembly/Sales/After-Sales Service of Standard Pumps, etc.
3. Future Plans
Going forward, we will utilize Asanvil's sales network and ability to respond to local needs in products and services, and create synergies by providing Ebara Group products and services through the company. As a result, we will improve the presence and market share of the Ebara brand in the south-central region of South America, and aim for long-term business growth. The EBARA Group will address material ESG issues based on its long-term vision and medium-term management plan in order to achieve the Sustainable Development Goals (SDGs) and further increase its corporate value.