As the last part of the briefing on third quarter results, we would like to provide an explanation on two particularly important M&As that were conducted during the period and how they will be important in terms of our future strategy.
First we will talk about the Charterhouse PM Limited acquisition. The company is a leading comprehensive print management service that is headquartered in the UK with a network that covers 18 European countries. The company has many clients among major European companies and its business consists of providing optimal solutions in response to mass-printing needs for marketing materials, etc. by taking on these orders and working together to support them with its affiliated partner companies.
We believe the production print field to be a growth driver and we expect that the acquisition of the know-how and pan-European service network that this company boasts will generate synergies including outsourcing proposal capabilities for large-scale companies and expansion of our business base in the commercial printing field.
The second acquisition we would like to focus on is Instrument Systems Optische Messtechnik GmbH. The company is a manufacturer of lighting-related measuring instruments that is headquartered in Germany.
Decreasing a dependency on digital consumer electronics is a key management issue for the Industrial Business, and this acquisition is part of the efforts being made in response. While we have the top share of the display measuring field, Instrument Systems is the top manufacturer in the high-end sector, including LED lighting. We aim to strengthen this field and convert it into one of our new drivers of growth by using the combined strengths of this company and ours to establish an overwhelmingly dominant position in comprehensive light measurement.
First we will talk about the Charterhouse PM Limited acquisition. The company is a leading comprehensive print management service that is headquartered in the UK with a network that covers 18 European countries. The company has many clients among major European companies and its business consists of providing optimal solutions in response to mass-printing needs for marketing materials, etc. by taking on these orders and working together to support them with its affiliated partner companies.
We believe the production print field to be a growth driver and we expect that the acquisition of the know-how and pan-European service network that this company boasts will generate synergies including outsourcing proposal capabilities for large-scale companies and expansion of our business base in the commercial printing field.
The second acquisition we would like to focus on is Instrument Systems Optische Messtechnik GmbH. The company is a manufacturer of lighting-related measuring instruments that is headquartered in Germany.
Decreasing a dependency on digital consumer electronics is a key management issue for the Industrial Business, and this acquisition is part of the efforts being made in response. While we have the top share of the display measuring field, Instrument Systems is the top manufacturer in the high-end sector, including LED lighting. We aim to strengthen this field and convert it into one of our new drivers of growth by using the combined strengths of this company and ours to establish an overwhelmingly dominant position in comprehensive light measurement.