TAMURA: Completes 80% purchase of Italy’s EMG, consolidation starts in Q4

TAMURA completed the acquisition of EMG shares through its consolidated subsidiary, TAMURA EUROPE LIMITED, making EMG a subsidiary. Under the post-acquisition management structure, TAMURA Senior Vice President Marco Puliti will become EMG’s CEO and a director.

• Acquiring entity: TAMURA’s consolidated subsidiary, TAMURA EUROPE LIMITED
• Management: Co-founder and former president Filippo Galastri will continue to oversee operations as Managing Director

The arrangement keeps the founder involved in running the business while bringing in resources from the TAMURA Group and retaining EMG’s locally rooted business base and expertise. The disclosure did not provide the purchase price or details of how the acquisition was funded.

TAMURA plans to position EMG as a core center for medium-voltage (MV) dry-type transformer technology. It aims to strengthen its competitiveness in higher-value markets for large transformers and reactors by drawing on EMG’s end-to-end design and manufacturing capabilities and its flexibility in meeting customer specifications.

• EMG technology: Dry-type transformer technologies, including vacuum pressure impregnation (VPI) and cast-resin transformers
• Related fields: Reactors and power-conversion applications
• Key track record: Railways, renewable energy, energy storage systems, ships, industrial power supplies and critical infrastructure

EMG’s strengths extend beyond transformer design and manufacturing to reactor technology for power-conversion applications. By combining these capabilities with TAMURA’s power-conversion technology and global business platform, TAMURA aims to evolve into a next-generation energy solutions company, moving beyond power components.

EMG’s earnings are expected to be included in TAMURA’s consolidated results from the fourth quarter of the fiscal year ending March 2027. Because the acquisition will contribute only from a point close to the fiscal year-end, its impact on full-year results will cover a limited period.

The disclosure confirmed the completion of the share acquisition and outlined its strategic rationale, but did not provide an earnings outlook for EMG or specific numerical targets. Investors will look for its contribution to consolidated revenue and profit, as well as progress in linking the companies’ technologies and products. The deal is also a move to strengthen TAMURA’s medium-voltage and high-capacity transformer and reactor businesses and broaden its base in energy-related markets.