KYOTO, Japan and TORINO, Italy, Aug. 11 /PRNewswire/ -- OMRON Corporation
(TSE: 6645; US: OMRNY), a global leader in automation, sensing and control
technology, and Bitron Industrie S.p.A. of Italy, have agreed to create an
automotive relay joint venture company. The new company will be called OMRON
Bitron Automotive Components S.r.l., to be established in Alatri, Italy in
October 2004. Under the terms of the agreement, signed July 28th at Bitron
headquarters in Torino, Italy, Bitron will transfer its automotive relay
division to the joint venture company. OMRON Bitron Automotive Components
S.r.l. will focus on the European market to produce and sell a complete line
of automotive relays. OMRON will hold 75 percent of the new company, which
will continue to produce the existing products and add new innovative
technology to meet changing customer requirements.
There are two types of automotive relays -- plug-in relays to handle high
current switching applications, and PCB (printed circuit board) relays,
directly mounted on circuit boards used in smart switching applications.
These products are used to control turn signals, windows, door locks, seats
and various lighting applications.
OMRON Automotive Electronics UK Ltd., and its German development unit, IMS
VISION GmbH., presently produce and sell European products that include PCB
type relays and related electronic controls and switches, while Bitron has
established production for plug-in type relays and modules.
"The combined use of plug-in and PCB relays is increasing in the European
market and elsewhere, and OMRON hopes to integrate its resources with those of
Bitron to expand sales in Europe, strengthening OMRON's automotive global
presence," said Yukio Hattori, general manager of the Automotive Electronic
Components Company Relay Division. "Present customers include many of the
world's leading automakers and system suppliers that use this technology."
The new company will increasingly enhance OMRON's global automotive relay and
Bitron Industrie S.p.A., headquartered in Torino, Italy, is a global
leader in electrical and electronics components for the appliance industry
with very strong presence in the automotive industry. Bitron group has eight
factories within Italy and four outside Italy. Bitron is presently one of the
leading companies for plug-in type automotive relays in Europe, with a product
lineup that includes micro ISO relays, mini ISO relays, glow plug relays and
others. Customers include major automotive makers and automotive system
suppliers. In addition to its relay business, to be acquired under the
agreement with OMRON, Bitron also manufactures and sells different types of
sensors, visible and hidden switches and other mechatronic components for
automotive applications, which will remain unaffected.
Headquartered in Kyoto, Japan, OMRON Corporation is a global leader in the
field of automation. Established in 1933 and headed by President and CEO
Hisao Sakuta, OMRON has more than 23,000 employees in over 35 countries
working to provide products and services to customers in a variety of fields
including industrial automation, electronic components, social systems (ticket
gate machines, ticket vending machines, cash dispensers, and traffic control),
and healthcare. The company is divided into five regions and head offices are
in Japan (Kyoto), Asia Pacific (Singapore), China (Shanghai), Europe
(Amsterdam) and US (Chicago). For more information, visit OMRON's Web site at
SOURCE OMRON Corporation