MISUMI to Acquire Fictiv

San Francisco-based Fictiv has been bought by Misumi Group Inc. in an all-cash deal worth $350 million. The deal is subject to closing adjustments. According to Misumi Group, the acquisition will allow Misumi to expand its digital services and its customer base.

Tokyo-based Misumi Group is a global industrial supplier of off-the-shelf manufacturing components. The company has 22 manufacturing sites and 20 logistics facilities worldwide, producing and distributing industrial supplies to 318,000 global companies.

To date, Fictiv has produced over 35 million commercial and prototype components for products across early-stage and large enterprises in the aerospace, robotics, clean energy, consumer, and automotive sectors, according to the companies.

J.P. Morgan served as exclusive financial advisor and Morrison & Foerster LLP served as legal counsel to Fictiv. The deal is subject to customary closing conditions including regulatory approvals.

"Fictiv brings exceptional talent, proven technology, and a shared commitment to innovation. Together, MISUMI and Fictiv will amplify our customers' 'Time Value,'" says Ryusei Ono, representative director and president, MISUMI Group.

Dave Evans, co-founder and CEO, Fictiv, adds, "Fictiv and MISUMI share a joint vision to make world-class manufacturing & supply chain capabilities easier, more accessible, more intelligent, and democratized. Giving more teams the tools to take their ideas from concept to reality will unlock innovation to fuel the advancements we want to see in the world."

Sources: Press materials received from the company and additional information gleaned from the company’s website.