Orix, a major financial services company, has announced that it will acquire a shipping company in Osaka that has been in business for over 50 years and has been facing business succession issues. The acquisition price is expected to be around 300 billion yen based on corporate value including debt.
According to the announcement, Orix will acquire Santoku Senpaku, a company located in Osaka City, and plans to acquire all the shares by next month.
This company owns 67 vessels, including car carriers and container ships, and is engaged in the business of leasing out vessels to domestic and foreign shipping companies, with annual sales of over 60 billion yen.
The company was founded in 1972 and was built up by its founder in a single generation, but last year, the founder passed away and business succession became an issue, so the company decided to sell the business with support from Orix. is.
The acquisition price, including the assumption of debt, is expected to have a corporate value of around 300 billion yen, and ORIX aims to strengthen its ship leasing business with this acquisition.
The problem of business succession has become an issue among owner-run companies, and ORIX is considering acquiring companies that are suffering from a lack of successors.