Announcement on the Acquisition of Shares of Glass HoldCo s.r.o. and the Full Subsidiarization of Tescan

Transaction Overview

Shimadzu Corporation has decided to acquire all shares of Glass HoldCo s.r.o., a special purpose company that indirectly holds all shares of Tescan Group a.s., a European pioneer in electron microscopes, thereby making it a wholly owned subsidiary. The transaction value is approximately USD 678 million (approximately JPY 105.8 billion), with potential adjustments as stipulated in the share transfer agreement. The board resolution and contract signing date is December 25, 2025, and the share transfer execution date is scheduled for the first half of 2026.

Purpose and Background of the Transaction

This transaction is part of Shimadzu’s mid-term management plan’s key strategies. It aims to incorporate the highly promising technologies and products of Tescan, expected to grow significantly in the electron microscope sector, complementing Shimadzu’s component and physical property analysis technologies with surface observation and analysis technologies. The two companies have already entered into a business alliance and started selling jointly branded products. By making Tescan a wholly owned subsidiary, Shimadzu intends to strengthen sales, accelerate new product development and the provision of total solutions, and enhance medium- to long-term corporate value.