CFI advised Koa Corporation on its acquisition of a majority equity stake in Via electronic

Tokyo – CFI advised KOA Corporation, through its 100% subsidiary company KOA Europe GmbH (Headquarters: State of Schleswig-Holstein; hereinafter referred to as ‘KEG’), on its acquisition of a 56.2% equity interest in VIA electronic GmbH (Headquarters: State of Thuringia, Germany; CEO: Franz Bechtold; hereinafter referred to as ‘VIA’).

KOA continues to engage in administrative improvement activities participated by all employees, called KPS (KOA Profit System). In the third stage of KPS, KPS-3, it is focusing on creating a business model of connecting innovations transpiring in the future and KOA’s fundamental technologies to propose new value to its customers.

And KOA, by employing LTCC (Low Temperature Co-fired Ceramics) technology, is developing, manufacturing and selling substrates, which are made by co-firing conductive interconnections and ceramic substrate at a temperature below 900 degrees Celsius. These LTCC products are fully customized products to meet the specific needs of customers, and going forward, we are envisioning LTCC technology delivering many
key products that represent KPS-3.

VIA is a research and development oriented company excelling in LTCC technologies, and is determined to be the ideal partner in promoting KPS-3 in Europe. In addition to this fact, the prospect of expanded sales opportunities of LTCC products in Europe has prompted KEG to acquire the equity stake of this company. LTCC products are used in a variety of applications, such as “small module boards”, “high-frequency module boards”, “device embedded substrates”, “interposer” and “IC package”. Via generated approximately EUR46m in revenues in fiscal year ending March 2017.

The transaction closed in August 2017.