OMRON and Bitron Industrie S.p.A. to Create Joint Venture Company in Europe

Aug 11, 2004, 01:00 ET from OMRON Corporation

    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
 components business.
     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.
     About OMRON
     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