Brother makes hostile bid to acquire Roland DG

Last month, Roland DG announced that its board of directors had endorsed a tender offer by XYZ KK, paving the way for a management buyout of the company. However, Brother Industries, a fellow Japanese manufacturer, has recently made a competitive bid to acquire all common shares of Roland DG Corporation at £27.27 per share. This offer exceeds the XYZ KK proposal by £0.87 per share.

Roland DG specializes in digital printing, dental, medical, and 3D fabrication markets, whereas Brother’s business spans printing, labelling, garment printing, industrial sewing machines, and gears. Brother boasts a significantly larger presence, with sales exceeding £4.3 billion, while Roland DG reported a turnover of £283 Million in its last fiscal year. Both companies are publicly listed on the Tokyo Stock Exchange.

In 2015, Brother made headlines with its £1 billion acquisition of UK inkjet printing specialist Domino Printing Sciences.

Roland DG expressed surprise at Brother’s takeover bid announcement, stating it had not received any prior communication from Brother and that the bid had not been approved by the board.
The board of Roland DG has committed to reviewing and analyzing Brother’s proposal before issuing an official response.