\"While organic expansion of the company’s base business globally continues to be the primary driver of our sustainable growth, we will also pro-actively pursue strategic M&As and collaboration opportunities as we strive towards our Vision of becoming the leader in the Auto-ID Solutions Industry worldwide,” said Kaz Matsuyama, President & CEO of SATO Holdings Corporation. “Mr. Miyagi’s strong track record of successful multi-national M&A executions across a diverse range of industry sectors will be invaluable in accelerating the deployment of our growth strategy.”
Mr. Miyagi has more than 12 years of hands-on M&A experiences including a successful career with Mitsubishi Corporation where he led an international consortium project to acquire United Utilities Australia’s water businesses.
Mr. Miyagi commented: “I am delighted to be joining SATO, and looking forward to leading its strategic M&A activities globally. I hope to contribute towards driving more cross-border M&A businesses to help the company grow and achieve its financial aspirations.”
SATO is a pioneer and leading global provider of integrated Automatic Identification and Data Collection solutions that leverage barcode, two-dimensional stacked & QR code, color code, digital watermarking, and UHF/HF/PJM RFID technologies. SATO delivers innovative end-to-end solutions to businesses as a single point responsibility for hardware, consumables, maintenance management, application software, each designed to enhance customer value. SATO solutions enable better business efficiencies and environmental protection to contribute to the development of a sustainable world
Founded in 1940, SATO is publicly listed on the first section of Tokyo Stock Exchange in Japan. It has sales and support offices in over 20 countries and is represented globally through a world-class network of partners. For the fiscal year ended March 31, 2014, it reported revenues of JPY 96,773 million (US$ 966 million). More information about SATO can be found at www.satoworldwide.com.
*Conversion is based on an average exchange rate of 1 US Dollar = 100.16 Japanese Yen.
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