BDA Partners: BDA Advises Endeavour United on Sale of Shinwa Vanes to Riken

New York, NY February 14, 2024 --(PR.com)-- BDA Partners is pleased to announce that its client, Endeavour United, has sold its stake in Shinwa Vanes to Riken Corporation, a wholly-owned subsidiary of NPR-Riken Corporation.Shinwa Vanes, headquartered in Tokyo, is a leading fabless manufacturer that designs and develops made-to-order heaters for semiconductor manufacturing equipment, leveraging technological prowess and responsiveness to customers' needs. The company is trusted by blue-chip customers with a significant presence in the global semiconductor equipment market.Riken, also headquartered in Tokyo, is a leading manufacturer of automotive and functional components, boasting a global presence and is best known for its excellence in producing piston rings. In October 2023, the company merged with Nippon Piston Ring Co Ltd to establish NPR-Riken Corporation.Through the transaction, Shinwa Vanes and Riken plan to leverage their combined development technologies and sales capabilities to develop new products and expand their businesses together. The companies aim to lead the electric resistance heater market, which has significant growth potential, to help customers move towards carbon neutrality.Toshiaki Yokohara, Managing Director at BDA Tokyo, said: "We're pleased to have found Shinwa Vanes a new partner and to set the stage for its next phase of growth as semiconductor manufacturing technology evolves. We look forward to the continued success of Shinwa Vanes ...Full story available on Benzinga.com