[Shanghai, September 19th, 2011] On September 8th, Omron (China) Co., Ltd. signed a purchase contract with China's magnetic relay manufacturer Shanghai Best Electric Manufacturing Co., Ltd. (hereinafter abbreviated as: BST) with a 100% investment Procurement of the company.
With the rapid growth of demand in the smart grid market in the future, smart meters will become the core components that connect the transmission grid and residential. A magnetic latching relay will be used to switch the load of the smart meter.
The Chinese market is still in the early stage of the introduction of smart meters. It can be predicted that the demand for magnetic relays used in smart meters will increase substantially. By 2015, the global market will have an increase of approximately 65% ​​(based on quantity), ie, 150 The expansion of the scale of ~20 billion yen.
In China's magnetic latching relay market, BST has a market share of about 30%, which occupies a leading position in the industry. It also ensures the advantages in competition by virtue of the increased productivity brought about by the multi-variety of small-scale production and component modularization.
Omron's goal is to strengthen the relay business and look forward to entering the Chinese magnetic relay relay market, which is still in its early stages, through the acquisition of BST, and gain a competitive advantage in this emerging market.
In the future, Omron will integrate the advantages of BST to create 5 billion yen in sales in the field of magnetic latching relays in 2015.
â– BST Company Profile Company Name: Shanghai Best Electric Manufacturing Co., Ltd.
Business Description: Legal representative for the development, production, and sales of magnetic latching relays: Yang Zheng, Chairman and General Manager Capital: 32.633 million yuan (RMB)
Established: 1994 Location: Wudong Road, Shanghai Employees: 250 Sales: 79.285 million yuan (March 2010)
With the rapid growth of demand in the smart grid market in the future, smart meters will become the core components that connect the transmission grid and residential. A magnetic latching relay will be used to switch the load of the smart meter.
The Chinese market is still in the early stage of the introduction of smart meters. It can be predicted that the demand for magnetic relays used in smart meters will increase substantially. By 2015, the global market will have an increase of approximately 65% ​​(based on quantity), ie, 150 The expansion of the scale of ~20 billion yen.
In China's magnetic latching relay market, BST has a market share of about 30%, which occupies a leading position in the industry. It also ensures the advantages in competition by virtue of the increased productivity brought about by the multi-variety of small-scale production and component modularization.
Omron's goal is to strengthen the relay business and look forward to entering the Chinese magnetic relay relay market, which is still in its early stages, through the acquisition of BST, and gain a competitive advantage in this emerging market.
In the future, Omron will integrate the advantages of BST to create 5 billion yen in sales in the field of magnetic latching relays in 2015.
â– BST Company Profile Company Name: Shanghai Best Electric Manufacturing Co., Ltd.
Business Description: Legal representative for the development, production, and sales of magnetic latching relays: Yang Zheng, Chairman and General Manager Capital: 32.633 million yuan (RMB)
Established: 1994 Location: Wudong Road, Shanghai Employees: 250 Sales: 79.285 million yuan (March 2010)
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