Established ALPS ELECTRIC (IRELAND) in Ireland. Established Alps Green Devices Co., Ltd. as a joint venture with the Innovation Network Corporation of Japan. The business activities of the undertakings concerned are: for Alps: the development, manufacture and sale of a wide range of electronic The acquisition would be effective 17 months later on 1 January 2019 through a share swap, in which Alps will allot 0.68 common shares for each common share of Alpine. We set out just a few of the examples below: 1. In addition to driving greater use of larger, more sophisticated actuators and content growth in new auto sensing and connectivity products, Alps has to execute on merger synergies with Alpine. Activist fund Oasis presses Alpine to pay high dividend, Activist fund Elliott holds wild card in Alpine buyout. Established ALPS ELECTRIC MANUFACTURING MEXICO S.A. de C.V. in Mexico. From Nikkei: The merger between Japan's Alpine Electronics and its parent Alps Electric was approved at Alpine's extraordinary shareholders' meeting on Wednesday. On July 27, 2017, Alps Electric Co. Ltd (6770 JP) ("Alps") announced its intention to acquire the 59.57% shares of Alpine that they do not own by January 1, 2019 at a ratio of 0.68 shares of Alps for every one (1) share of Alpine, valuing Alpine, on the day after announcement, at JPY2,108 per share. System Devices Division acquired ISO14001 certification. Transition to company with audit and supervisory committee. Established WUXI ALPS ELECTRONICS in P.R. Established EMC Evaluation Center at Furukawa Plant. Business integration of Alps Electric and Alpine announced. of China. Purchased Garden Grove Plant of Apple Computer Inc. Alps Alpine Co., Ltd. is manufacturer of electronics and on-vehicle information systems. Mechatronic Devices Division established by combining Mechatronic Devices Division 1 and Mechatronic Devices Division 2. Alpine shareholders will receive 0.68 Alps share per Alpine share. of China. Alpine shareholders will receive 0.68 Alps share per Alpine share. Opened DUESSELDORF OFFICE in West Germany. Thirty-year joint venture ended with Forward Electronics Co., Ltd. of Taiwan in share transfer. Sign up to our newsletters to get our best stories delivered straight to your inbox. New Alps Alpine Training Center opens at Alps Headquarters. Started Densokuno of mail-ordered electronic components by fax. Started environmental Protection committee. Alps Electric and Alpine have integrated their businesses to become Alps Alpine Our aim is to transform into a sustainable value-creating corporate group that carries on contributing to people's lives through electronics and communication, with a focus on two business segments — electronic components and automotive infotainment. Renewal of our organization due to the Structural Reform. Magnetic current sensor jointly developed with ABB (Switzerland). Bhd. We set out just a few of the examples below: 1. Oasis had proposed paying a dividend of 300 yen ($2.66) per share on condition of rejecting the merger, but could not obtain the necessary support from other shareholders. In an earlier statement, Oasis argued that Alpine skewed the merger valuation to achieve an unfairly discounted price, including its decision to allocate JPY 30bn as operating cash for working capital. Toshihiro Kuriyama managing director appointed president. Established ALPS COMMUNICATION DEVICES TECHNOLOGY (SHANGHAI) CO., LTD. in P.R. Power conversion module developed for portable energy storage systems. 50th Anniversary of ALPS ELECTRIC. This company changed company name to … By doing so, the activist Alps Alpine developed a new camera-based sensing and positioning system that supports “absolute lane-level vehicle … Started manufacturing and sales of FM tuners. Established ALPS ELECTRIC EUROPE GmbH in West Germany. Alps Electric Co.’s planned acquisition of Alpine Electronics Inc., the most closely watched corporate governance standoff in Japan this year, will come down to an investor vote on Dec. 5. The Historical Ratio The period between the announcement of the merger and its completion is the longest of any merger in the past 30 years. Car Electronics Business Unit acquires QS 9000 certification. Established NINGBO ALPS ELECTRONICS in P.R. Alps is doing this to secure Alpine at a cheap price before the stock re-rates from an expected record operating profit in 2019 and 2020. Completed the first stage of construction of the new headquarters building (completed section operational in November), ALPS NORDIC AB merged with ALPS ELECTRIC EUROPE GmbH, Closed the Magnetic Devices Division and transferred functions to the Mechatronic Devices Division, Reformed company structure into a three-Division organization (AUTO, HM&I and MMP). On July 27, 2017, Alps Electric Co. Ltd (6770 JP) ("Alps") announced its intention to acquire the 59.57% shares of Alpine that they do not own by January 1, 2019 at a ratio of 0.68 shares of Alps for every one (1) share of Alpine, valuing Alpine, on the day after announcement, at JPY2,108 per share. Developed electro gyrocator jointly with Honda Motor Co., Ltd. Establishment of the Alps Corporate Vision. Established under the name of KATAOKA ELECTRIC CO., LTD. Established overseas joint venture company GOLD STAR ALPS ELECTRONICS (actual LG ELECTROCOMPONENTS ) in Republic of Korea. This content was commissioned by Nikkei's Global Business Bureau. Hong Kong fund Oasis, a big Alpine shareholder, … Acquisition of ISO9001 certification for the Magnetic Devices Division. Chairman Masataka Kataoka becomes director and executive adviser. (actual ALPINE ELECTRONICS, INC.),Started manufacturing and sales of tape decks. Bhd. WUXI ALPS ELECTRONICS CO., LTD. celebrated 10th anniversary of its founding. Each of these metrics was apparently manipulated to ensure a valuation that benefited Alps at the expense of Alpine's minor shareholders. Alps Electric (Malaysia) Sdn. Started manufacturing and sales of rotary switches. Moved to new plant of SHANGHAI ALPS CO.,LTD. Started manufacturing and sales of UHF TVtuners. merged with Alps Precision (Malaysia) Sdn. New product: UMDZ Series LTE Data Communication Module for Automotive Use. Completed CENTRAL LABORATORY in Furukawa Plant. Tohoku Magnet Institute Co., Ltd. joint venture established with five companies. Alcom Electronicos de Mexico completes new wing. Further, in its public statement, Alpine used the average one-month Alps share price of ¥3,212 from the month prior to the announcement of the merger; however, Alps’ current share price is just ¥2,473, or 23% lower than the average used by Alpine. Started manufacturing and sales of potentiometers. ALPS DE BRAZIL transferred operations to Primotech-21 Industria e Comercio de Componetes Ltda. *Started manufacturing and sales of keyboard switches this year. Alps Alpine Co., Ltd. was founded in January 2019, following the merger of Alps Electric Co., Ltd. and Alpine Electronics, Inc. The Historical Ratio The period between the announcement of the merger and its completion is the longest of any merger in the past 30 years. Attained Automotive SPICE Level 3 at four facilities, including Furukawa Plant (Japan) and Alps Electric Korea. The merger of two Japanese suppliers, Alpine Electronics and Alps Electric, received approval at Alpine's extraordinary shareholders' meeting on 5 December, according to a press release by Alpine. Oasis owns more than 9 percent of Alpine Electronics, making it the largest minority shareholder, and is calling on fellow stock owners to vote against the proposed merger with Alps Dual output brake pedal position sensor developed. Concluded basic agreement upon partial transfer of trimmer potentiometer business to Teikoku Tsushin Kogyo Co., Ltd. Sep AIS Co. Ltd formed through joint financing in merger of six LCD component manufacturing companies in Aomori Prefecture. Started manufacturing and sales of VHF TVtuners. Established ALPS ELECTRIC (SCOTLAND) in England. First in world to mass-produce V2X module. Shinagawa R&D Center strengthened as part of energy-saving devices business expansion. Issued \30 billion in corporate bonds in overseas markets. Established ALPS ELECTRIC (MALAYSIA). Hong Kong-based hedge fund Oasis Management, which has about 10% stake in Alpine, had opposed the merger, claiming that the stock swap ratio was too low. But the swap ratio remains the same, with each share of Alpine to be exchanged for 0.68 share of Alps. Started manufacturing and sales of cassette mechanisms. Alps appears to have obtained shareholders support by proposing increased payouts, including 40 billion yen worth of stock buybacks after the merger. Stay ahead with our exclusives on Asia; the most dynamic market in the world. Increased capital by public offering of new shares at market price (first in Japan). Acquisition of ISO9001 certification(2004 version) for the DANGDONG ALPS ELECTRONICS CO.,LTD. Alps and Alpine will merge through stock swaps on Jan. 1, 2019. AKC changes name to Alps Accounting Center. Nov 8, 2018: Alpine Investors’ Day – Presentation – Risks of the Alps merger & Strategic Alternatives. Alpine shares will be delisted on Dec. 26, following the merger. Merger Regulation control of the whole of the undertaking Alpine Electronics, Inc. (Japan) by way of purchase of shares.3 2. The German and Austrian Alpine Club was a merger of the German, Austrian and German Bohemian Alpine Club that existed from 1873 to 1938. of China. of China. Established Alps (Shanghai) International Trading Co., Ltd. in China. All domestic manufacturing facilities had acquired certification by 1999. Find the latest ALPS ALPINE CO LTD (APELY) stock quote, history, news and other vital information to help you with your stock trading and investing. E. IPTJ announced establishment of the IP Incubation Fund. Focus on Alps Alpine Alps Alpine Co., Ltd. was founded in January 2019, following the merger of Alps Electric Co., Ltd. and Alpine Electronics, Inc. Fourth exhibition vehicle completed and operations started. Established TIANJIN ALPS ELECTRONICS in P.R. Merger M.8833: ALPS / ALPINE . The Mid Niigata Prefecture Earthquake struck. Alps stock incorporated in Nikkei 225 index. Organizational cooperation agreement entered with Tohoku University. ｰEffective January 2019, the management of Alps Electric Co. Ltd and Alpine Electronics, Inc. were merged and departments such as administration and strategic planning for both companies are managed by Alps Alpine Co., Ltd. -Alps Alpine Co., Ltd. (Alps Alpine) will accelerate the reorganization of its business structure. {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}}. Started manufacturing and sales of floppy disk drives. Commemorations held to mark 50th anniversary of Furukawa Plant opening. This week, Japanese electronics company Alps Alpine Co Ltd. and Chipmaker Qualcomm announced a new more accurate positioning technology called “ViewPose” that helps address the drawbacks of conventional GPS, especially in urban areas with spotty signals. Concluded research contract with Cambridge University and two private companies. Started manufacturing and sales of cylinder units for VCRs. Alps Collectively Acquired ISO9001/TS16949 in Japan. Alps Electric and Chinese Corporation Establish Joint Venture Shenyang Xikang Alps Technologies Co., Ltd. Alps Electric Korea Completes R&D Center. Get trusted insights from experts within Asia itself. November 21, 2018, Hong Kong– Oasis Management Company Ltd. (“Oasis”) is the manager to funds that beneficially own 9.9% of Alpine Electronics Inc. (TYO: 6816) (“Alpine” or the “Company”), making Moved and started operation of a new plant of NINGBO ALPS ELECTRONICS. Listed on the First Market at Tokyo Stock Exchange. Established overseas joint venture company FORWARD ELECTRONICS CO.,LTD.in Taiwan. of China. Further, in its public statement, Alpine used the average one-month Alps share price of ¥3,212 from the month prior to the announcement of the merger; however, Alps’ current share price is … Oasis, which holds a 9.9 percent stake in Japan’s Alpine, has argued that the company’s board was allowing Alps to take over the company at an unfairly low valuation. of China. Onahama Division acquired International Quality Assurance Standard ISO9001 certification;(Other domestic and overseas divisions proceed to acquire certification). Established DANGDONG ALPS ELECTRONICS CO.,LTD. Merged company to be named Alps Alpine. Established ALPS ELECTRIC KOREA CO., LTD. in Republic of Korea. Alps Electric Korea signs cooperation agreement with Korea Electric Power Corporation (KEPCO). Investors reject proposal from Hong Kong-based activist fund. The activist fund claims to be a holder of the Alpine stock for many years and emerged as the largest minority shareholder in Alpine with a stake of 9.18%, according to a financial document filed to the Kanto Finance Bureau on 30 October. On Friday Alps and Alpine said in a joint statement they have agreed to … President Masataka Kataoka was appointed chairman. Makoto Kosan Co., Ltd. changes name to Alps Finance Service Corp. AIS Co. Ltd formed through joint financing in merger of six LCD component manufacturing companies in Aomori Prefecture. Established DALIAN ALPS ELECTRONICS and SHANGHAI ALPS ELECTRONICS CO,. Established All Alps Environmental Protection Charter. Changed company name to ALPS ELECTRIC CO., LTD. Oasis Response to Alpine’s Latest Misleading Statements about its Proposed Merger with Alps . Operations commenced at a new plant of Tianjin Alps Electronics Co., Ltd. Changed stock trading unit from 1000 to 100. Alpine management needs support from more than two-thirds of shareholders to complete the merger. Established ALPS ELECTRIC (UK) in England. Started operation of Precision Machine & Tool Center Kitahara Plant (Miyagi Pref.). Merger M.979: PREUSSAG / VOEST ALPINE . LG ELECTRO-COMPONENTS and ALPS ELECTRIC KOREA (Republic of Korea)set for new starts after liquidation of joint venture agreements. (Mechatronic Devices Division 1 and 2 acquire certification).