Latest news with #Topcon
Yahoo
2 days ago
- Business
- Yahoo
KKR Launches Tender Offer for Topcon
TOKYO, July 28, 2025--(BUSINESS WIRE)--KKR, a leading global investment firm, announced today that it will launch its tender offer ("Tender Offer") for the common shares and share acquisition rights, etc. of Topcon Corporation ("Topcon" or the "Company"; TSE stock code 7732). The Tender Offer will be made through TK Co., Ltd. ("Offeror"), an entity owned by the investment funds managed by KKR. The Tender Offer will commence on July 29, 2025 and will run until September 9, 2025. The Offeror will commence the Tender Offer to acquire all outstanding common shares and share acquisition rights (excluding treasury shares held by Topcon) with a tender offer price of JPY 3,300 per common share and JPY 193,400 per 7th Series Share Acquisition Right.1 Topcon is a global leader in the manufacturing of technology, leveraging its strengths in optical technology and precision measurement technology since its founding. Topcon is expanding its business globally with its unique DX solutions that combine advanced technologies such as IoT platforms and AI. Topcon is pursuing its long-term vision leading up to its 100th anniversary in 2032, and the Company has been implementing its "Mid-Term Management Plan 2025" covering the fiscal years 2023–2025. Under this plan, Topcon has pursued sustainable business growth and improved profitability by deepening its orientation towards customers, and as the next step, the Company aims to evolve into "New Topcon 2.0," a business structure that will further accelerate the competitiveness of the Topcon Group. KKR is making this investment predominantly from its Asian Fund IV. Topcon President and CEO, Takashi Eto, has agreed to tender his shares into the Tender Offer. Following the completion of the Tender Offer, Mr. Eto and funds managed by JIC Capital, Ltd. will invest in KKR-managed investment vehicles that will own Topcon. This series of transactions, including the Tender Offer, constitutes a management buyout. Additionally, funds managed by ValueAct Capital, a major shareholder of Topcon, have also agreed to tender shares in the Tender Offer and invest in KKR-managed investment vehicles that will own Topcon. For more details regarding the announcement, please refer to the full text of the release issued by the Offeror today titled, "Notice Regarding the Commencement of Tender Offer for the Shares of Topcon Corporation (Securities Code: 7732) by TK Co., Ltd. as part of MBO Implementation." Forward-looking Statements This press release should be read in conjunction with the release issued by the Offeror today titled "Notice Regarding the Commencement of Tender Offer for the Shares of Topcon Corporation (Securities Code: 7732) by TK Co., Ltd. as part of MBO Implementation." The purpose of this press release is to publicly announce the Tender Offer and it has not been prepared for the purpose of soliciting an offer to sell or purchase in the Tender Offer. When making an application to tender, please be sure to read the Tender Offer Explanatory Statement for the Tender Offer and make your own decision as a shareholder or share acquisition right holder. This press release does not constitute, either in whole or in part, a solicitation of an offer to sell or purchase any securities, and the existence of this press release (or any part thereof) or its distribution shall not be construed as a basis for any agreement regarding the Tender Offer, nor shall it be relied upon in concluding an agreement regarding the Tender Offer. The Tender Offer will be conducted in compliance with the procedures and information disclosure standards set forth in Japanese law, and those procedures and standards are not always the same as the procedures and information disclosure standards in the U.S. In particular, neither Sections 13(e) or 14(d) of the U.S. Securities Exchange Act of 1934 (as amended; the same shall apply hereinafter) or the rules under these sections apply to the Tender Offer; and therefore the Tender Offer is not conducted in accordance with those procedures and standards. In addition, because the Offeror is a corporation incorporated outside the U.S., it may be difficult to exercise rights or demands against it that can be asserted based on U.S. securities laws. It also may be impossible to initiate an action against a corporation that is based outside of the U.S. or its officers in a court outside of the U.S. on the grounds of a violation of U.S. securities-related laws. Furthermore, there is no guarantee that a corporation that is based outside of the U.S. or its affiliates may be compelled to submit themselves to the jurisdiction of a U.S. court. Unless otherwise specified, all procedures relating to the Tender Offer are to be conducted entirely in Japanese. All or a part of the documentation relating to the Tender Offer will be prepared in English; however, if there is any discrepancy between the English-language documents and the Japanese-language documents, the Japanese-language documents shall prevail. This press release includes statements that fall under "forward-looking statements" as defined in Section 27A of the U.S. Securities Act of 1933 (as amended) and Section 21E of the Securities Exchange Act of 1934. Due to known or unknown risks, uncertainties or other factors, actual results may differ materially from the predictions indicated by the statements that are implicitly or explicitly forward-looking statements. Neither the Offeror nor any of its affiliates guarantee that the predictions indicated by the statements that are implicitly or expressly forward-looking statements will materialize. The forward-looking statements in this press release were prepared based on information held by the Offeror as of today, and the Offeror and its affiliates shall not be obliged to amend or revise such statements to reflect future events or circumstances, except as required by laws and regulations. The Offeror, the financial advisors of the Offeror and the Company, and the tender offer agent (and their respective affiliates) may purchase the common shares and share acquisition rights, etc. of the Company, by means other than the Tender Offer, or conduct an act aimed at such purchases, for their own account or for their client's accounts, including in the scope of their ordinary business, to the extent permitted under financial instrument exchange-related laws and regulations, and any other applicable laws and regulations in Japan, in accordance with the requirements of Rule 14e-5(b) of the U.S. Securities Exchange Act of 1934 during the Tender Offer period. Such purchases may be conducted at the market price through market transactions or at a price determined by negotiations off-market. In the event that information regarding such purchases is disclosed in Japan, such information will also be disclosed on the English website of the person conducting such purchases (or by any other method of public disclosure). If a shareholder exercises its right to demand the purchase of shares of less than one unit in accordance with the Companies Act, the Company may buy back its own shares during the Tender Offer period in accordance with the procedures required by laws and regulations. About KKR KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at 1 7th Series Share Acquisition Rights issued pursuant to a resolution of the Company's Board of Directors held on June 25, 2021 (exercise period is from April 1, 2024 to March 31, 2029) View source version on Contacts Media Contacts Wei Jun Ong+65 6922 Samuel Brustad+81 90 7094
Business Wire
2 days ago
- Business
- Business Wire
KKR Launches Tender Offer for Topcon
TOKYO--(BUSINESS WIRE)--KKR, a leading global investment firm, announced today that it will launch its tender offer ('Tender Offer') for the common shares and share acquisition rights, etc. of Topcon Corporation ('Topcon' or the 'Company'; TSE stock code 7732). The Tender Offer will be made through TK Co., Ltd. ('Offeror'), an entity owned by the investment funds managed by KKR. The Tender Offer will commence on July 29, 2025 and will run until September 9, 2025. The Offeror will commence the Tender Offer to acquire all outstanding common shares and share acquisition rights (excluding treasury shares held by Topcon) with a tender offer price of JPY 3,300 per common share and JPY 193,400 per 7th Series Share Acquisition Right. 1 Topcon is a global leader in the manufacturing of technology, leveraging its strengths in optical technology and precision measurement technology since its founding. Topcon is expanding its business globally with its unique DX solutions that combine advanced technologies such as IoT platforms and AI. Topcon is pursuing its long-term vision leading up to its 100th anniversary in 2032, and the Company has been implementing its "Mid-Term Management Plan 2025" covering the fiscal years 2023–2025. Under this plan, Topcon has pursued sustainable business growth and improved profitability by deepening its orientation towards customers, and as the next step, the Company aims to evolve into "New Topcon 2.0," a business structure that will further accelerate the competitiveness of the Topcon Group. KKR is making this investment predominantly from its Asian Fund IV. Topcon President and CEO, Takashi Eto, has agreed to tender his shares into the Tender Offer. Following the completion of the Tender Offer, Mr. Eto and funds managed by JIC Capital, Ltd. will invest in KKR-managed investment vehicles that will own Topcon. This series of transactions, including the Tender Offer, constitutes a management buyout. Additionally, funds managed by ValueAct Capital, a major shareholder of Topcon, have also agreed to tender shares in the Tender Offer and invest in KKR-managed investment vehicles that will own Topcon. For more details regarding the announcement, please refer to the full text of the release issued by the Offeror today titled, 'Notice Regarding the Commencement of Tender Offer for the Shares of Topcon Corporation (Securities Code: 7732) by TK Co., Ltd. as part of MBO Implementation.' Forward-looking Statements This press release should be read in conjunction with the release issued by the Offeror today titled 'Notice Regarding the Commencement of Tender Offer for the Shares of Topcon Corporation (Securities Code: 7732) by TK Co., Ltd. as part of MBO Implementation.' The purpose of this press release is to publicly announce the Tender Offer and it has not been prepared for the purpose of soliciting an offer to sell or purchase in the Tender Offer. When making an application to tender, please be sure to read the Tender Offer Explanatory Statement for the Tender Offer and make your own decision as a shareholder or share acquisition right holder. This press release does not constitute, either in whole or in part, a solicitation of an offer to sell or purchase any securities, and the existence of this press release (or any part thereof) or its distribution shall not be construed as a basis for any agreement regarding the Tender Offer, nor shall it be relied upon in concluding an agreement regarding the Tender Offer. The Tender Offer will be conducted in compliance with the procedures and information disclosure standards set forth in Japanese law, and those procedures and standards are not always the same as the procedures and information disclosure standards in the U.S. In particular, neither Sections 13(e) or 14(d) of the U.S. Securities Exchange Act of 1934 (as amended; the same shall apply hereinafter) or the rules under these sections apply to the Tender Offer; and therefore the Tender Offer is not conducted in accordance with those procedures and standards. In addition, because the Offeror is a corporation incorporated outside the U.S., it may be difficult to exercise rights or demands against it that can be asserted based on U.S. securities laws. It also may be impossible to initiate an action against a corporation that is based outside of the U.S. or its officers in a court outside of the U.S. on the grounds of a violation of U.S. securities-related laws. Furthermore, there is no guarantee that a corporation that is based outside of the U.S. or its affiliates may be compelled to submit themselves to the jurisdiction of a U.S. court. Unless otherwise specified, all procedures relating to the Tender Offer are to be conducted entirely in Japanese. All or a part of the documentation relating to the Tender Offer will be prepared in English; however, if there is any discrepancy between the English-language documents and the Japanese-language documents, the Japanese-language documents shall prevail. This press release includes statements that fall under 'forward-looking statements' as defined in Section 27A of the U.S. Securities Act of 1933 (as amended) and Section 21E of the Securities Exchange Act of 1934. Due to known or unknown risks, uncertainties or other factors, actual results may differ materially from the predictions indicated by the statements that are implicitly or explicitly forward-looking statements. Neither the Offeror nor any of its affiliates guarantee that the predictions indicated by the statements that are implicitly or expressly forward-looking statements will materialize. The forward-looking statements in this press release were prepared based on information held by the Offeror as of today, and the Offeror and its affiliates shall not be obliged to amend or revise such statements to reflect future events or circumstances, except as required by laws and regulations. The Offeror, the financial advisors of the Offeror and the Company, and the tender offer agent (and their respective affiliates) may purchase the common shares and share acquisition rights, etc. of the Company, by means other than the Tender Offer, or conduct an act aimed at such purchases, for their own account or for their client's accounts, including in the scope of their ordinary business, to the extent permitted under financial instrument exchange-related laws and regulations, and any other applicable laws and regulations in Japan, in accordance with the requirements of Rule 14e-5(b) of the U.S. Securities Exchange Act of 1934 during the Tender Offer period. Such purchases may be conducted at the market price through market transactions or at a price determined by negotiations off-market. In the event that information regarding such purchases is disclosed in Japan, such information will also be disclosed on the English website of the person conducting such purchases (or by any other method of public disclosure). If a shareholder exercises its right to demand the purchase of shares of less than one unit in accordance with the Companies Act, the Company may buy back its own shares during the Tender Offer period in accordance with the procedures required by laws and regulations. About KKR KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at 1
Fox Sports
12-07-2025
- Automotive
- Fox Sports
Thunderstorms Send Dennis Hauger to Pole at Iowa Speedway
INDYCAR INDY NXT by Firestone points leader Dennis Hauger will start from the No. 1 position for the INDY NXT by Firestone at Iowa Speedway race after the qualifying session was rained out. The field for the 75-lap race will take the green flag based on entrant points entering the event. SEE: Starting Lineup Hauger had the third-fastest lap in Friday's abbreviated practice, turning a lap of 165.073 mph in Andretti Global's No. 28 Nammo entry. His lap was part of the Andretti organization's strong start to the weekend. Four of the team-related drivers turned laps among the session's top five. Hauger will start from the top spot for the seventh time in nine races this season. He started second in the other two. Salvador de Alba posted the fastest lap of the 30-minute session at 165.518 mph in the No. 27 Grupo Indi car of Andretti Global. Myles Rowe was second driving the No. 99 Abel/Force Indy machine (165.421 mph). '(A) shortened practice, but happy to be where we are,' de Alba said. 'All the Andretti cars are pretty fast. We (turned) good laps at the very end with the used tires, so that gives us even more confidence.' Ricardo Escotto was fourth in the No. 3 Frank's Red Hot car of Andretti Cape Motorsports (164.623 mph). Rookie Lochie Hughes was fifth in Andretti Global's No. 26 McGinley Clinic/USF Pro Championship entry (164.291 mph). Andretti Global's James Roe, who won the pole for last year's race at this .894-mile oval, had the eighth-fastest lap in the No. 29 Topcon entry (163.267 mph). Jordan Missig had the session's only spin, a lazy excursion off Turn 2. He did not make contact with the No. 48 Abel Motorsports car, enabling him to continue after pitting. The field was expected to include Sebastian Murray in the No. 2 DREAM RACING DUBAI entry of Andrett Cape Motorsport, but he was not medically cleared to participate in the wake of last weekend's accident with Escotto at the Mid-Ohio Sports Car Course. Saturday's 75-lap race starts at 1:30 p.m. ET. FS1, the FOX Sports app and the INDYCAR Radio Network will have the broadcasts. recommended Item 1 of 2
Yahoo
09-06-2025
- Business
- Yahoo
Level AI Launches Naviant: The Future of AI Virtual Agents for Customer Experience
MOUNTAIN VIEW, Calif., June 9, 2025 /PRNewswire/ -- Level AI, a leader in customer experience AI, today announced the launch of Naviant, a next-generation AI virtual agent built to deliver truly human-like conversations and transform how organizations engage with customers. Naviant addresses a growing challenge: balancing human empathy with the efficiency of automation. Level AI has long powered industry-leading Customer Experience Intelligence and Augmentation, including Voice of the Customer (VoC), Automated QA, Screen Monitoring, and Agent Assist. With Naviant, Level AI extends its proven closed-loop CX system to AI virtual agents, ensuring consistent quality and continuous improvement across hybrid contact centers with human and AI virtual agents. "Naviant isn't just another chatbot—it's an AI virtual agent purpose-built to drive operational excellence and empathetic conversations," said Ashish Nagar, CEO of Level AI. "Level AI's core until now is deeply understanding human agent conversations, uncovering quality and CX improvement opportunities. With Naviant, we apply the same intelligence to build human-like AI agents that continuously improve through quality monitoring and continuous improvement feedback loop." Key Differentiators: AgentIQ for Actionable Automation: Naviant goes beyond simple dialogues to take real actions—like modifying orders, updating CRM records, and resolving tickets—driving over 50% better customer resolution rates. DialogIQ for Human-like Conversations: Naviant understands tone, sentiment, and context in real time, delivering emotionally aware and natural conversations that feel personal and on-brand. EnlightIQ for Continuous CX Excellence: Level AI reviews 100% of virtual agent interactions, surfacing quality insights and identifying coaching opportunities—ensuring continuous learning and higher CSAT. Fast Deployment & Customization: Naviant is quick to deploy with intuitive setup and out-of-the-box integrations—no complex coding needed. Enterprise-Ready & Secure: Multilingual support, omnichannel readiness, and robust security ensure Naviant scales globally while meeting strict compliance standards. Solving Today's CX Challenges Customer experience leaders consistently cite slow deployment, robotic conversations, and limited visibility into AI virtual agent quality as critical issues. Naviant addresses these head-on by unifying automation, analytics, and QA in a single loop—delivering high-quality, adaptable AI interactions that match your brand's tone and values. Ben Huber, a leader at Topcon shared, "We made more progress with Level AI in four weeks than we had in six months with another vendor. The experience has been stellar, and the feedback from our users has been incredible." About Level AI Level AI helps leading brands like Affirm, Penske, Vista, and Carta transform their contact centers with AI-native solutions. To see Naviant in action, request a personalized demo at Media Contact: Colm Shalvey colm@ View original content to download multimedia: SOURCE Level AI Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Topcon and Vemcon Sign Memorandum of Understanding to Expand 2D-to-3D Upgrade Availability for Excavators
LIVERMORE, Calif., May 28, 2025--(BUSINESS WIRE)--Topcon Positioning Systems has announced it has signed a Memorandum of Understanding (MOU) with Vemcon GmbH, a specialist in smart excavator attachments and 2D assistance systems, to initiate a collaboration to expand the availability of advanced excavator technology solutions across the EMEA regions and additional global markets. The collaboration would bring together complementary strengths from both organizations: Vemcon's expertise in 2D assistance systems that work with smart attachments, and Topcon's advanced 3D machine control technology and global GNSS network. The arrangement lays the foundation to create a fully compatible upgrade path from Vemcon's 2D solutions to Topcon's 3D systems, offering contractors a seamless technology progression as their needs evolve. "Strategic cooperation with Vemcon will allow us to provide contractors with a more comprehensive excavator technology solution," said Murray Lodge, executive vice president at Topcon. "By integrating our technologies, we will be able to offer customers a clear advancement path from 2D to 3D systems while maintaining their existing investment in smart attachments." Jan Rotard, CEO of Vemcon, said, "With Vemcon's 2D system already installed, upgrading to Topcon's 3D control is fast and cost-effective — the sensors are there, the machine is calibrated. This allows contractors to scale their digital capabilities step by step, project by project, without locking themselves in." "Our platform combines tool recognition, quick coupler control, and assistance features like 2D and scale — and it's 3D-ready by design," said Dr. Holger Quast, COO of Vemcon. "Together with Topcon, we offer OEMs a smart, modular control stack that makes integration easy and opens the door to MiC 4.0." The arrangement also presents opportunities for data integration between the two companies' systems, with potential for future development of cloud-based solutions. This data exchange capability could provide contractors with enhanced insights into machine performance and project progress, further improving operational efficiency. "The collaboration between Topcon and Vemcon demonstrates our commitment to providing customers with technology solutions that evolve alongside their business needs," said Lodge. "As contractors look to improve their bottom line through increased efficiency, this integrated approach offers them a clear path to adopting increasingly sophisticated machine control capabilities." Both companies are exploring opportunities to expand availability across additional markets. For excavator operators and contractors, the collaboration delivers the established benefits of 3D machine control, including reduced staking costs, minimized rework, increased productivity, improved material management, enhanced operator capabilities, and simplified compliance with design specifications. For more information about Topcon's excavator machine control solutions, visit About Topcon Positioning Systems Topcon Positioning Systems is an industry-leading designer, manufacturer and distributor of precision measurement and workflow solutions for the global construction, geospatial and agriculture markets. Topcon Positioning Systems is headquartered in Livermore, California, U.S. ( LinkedIn, X, Facebook, Instagram). Its European head office is in Zoetermeer, Netherlands. Topcon Corporation ( founded in 1932, is traded on the Tokyo Stock Exchange (7732). About Vemcon Vemcon GmbH provides an open, modular control platform for excavators that integrates assistance systems and attachment control into one intuitive system. Its OEM-independent solution helps contractors and OEMs upgrade to MiC 4.0 — faster, smarter, and more cost-effectively. Whether retrofit or factory-installed, the Vemcon CoPilot turns any machine into a smart, connected carrier. Vemcon is headquartered in Munich, Germany ( LinkedIn). View source version on Contacts Press Contacts: Staci FitzgeraldTopcon Positioning Systemscorpcomm@ +1 925-245-8610 Daniel HinkeldeinVEMCON Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
