OKI and Nippon Avionics Co. Sign Agreement on Transfer of Printed Circuit Board Business

Strengthening advanced technology and high reliable printed circuit board business for further expansion of EMS business

Few weeks ago, OKI announced that OKI entered into an agreement with Nippon Avionics Co., Ltd. (“Avio” hereinafter) on a transfer of Avio’s printed circuit board business to OKI. The two companies will start negotiations on technologies and facilities transfer and a range of certifications from October 1, 2016 with a view to completing the business transfer by March 31, 2018. Most of Avio’s printed circuit board business will be transferred to OKI Printed Circuits and OKI Circuit Technology, both are the OKI’s EMS business sites, who will continue the transferred business.

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OKI will further strengthen Avio’s advanced and high reliable technology as well as continuing to supply printed circuit boards to Avio’s existing customers. The business transfer will generate synergy effect in printed circuit board business for high-end products which OKI has great advantages. OKI seeks to be a market share leader on a large and multi-layer printed circuit board market and mark 48 billion yen in EMS business in 2016 as well as expanding integrated production from printed circuit boards through assembly of final products.