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MISUMI Group Inc., a leading global supplier of mechanical components, has announced its acquisition of Fictiv, a prominent US-based on-demand custom mechanical components procurement services provider, in an all-cash transaction valued at $350 million. The acquisition, which is subject to closing adjustments, will see Fictiv joining the MISUMI Group to strengthen its presence in the evolving manufacturing and supply chain solutions market.
This strategic acquisition aligns with MISUMI’s goal to accelerate the development of AI-powered manufacturing and supply chain solutions that are scalable, efficient, and accessible. By combining MISUMI’s robust physical infrastructure with Fictiv’s digital-native tools, the partnership aims to simplify the product development process, making it easier for businesses to build real-world products with higher efficiency and reduced costs.
Dave Evans, Co-Founder and CEO of Fictiv, shared his excitement about the acquisition, stating, “Fictiv and MISUMI share a joint vision to make access to world-class manufacturing & supply chain capabilities easier, more accessible, more intelligent, and democratized.” He added that the collaboration would unlock innovation and fuel advancements by giving more teams the tools to bring their ideas to life.
The manufacturing and supply chain sectors are currently undergoing rapid changes, driven by global tariff and trade shifts, geopolitical uncertainties, logistics disruptions, and technological advancements. These disruptions have exposed the inefficiencies of traditional manufacturing methods, creating significant risks in product development and scaling. Fictiv’s AI-driven technology workflows and global manufacturing network are designed to address these challenges by streamlining sourcing for custom mechanical components, offering scalable and cost-effective solutions to companies in aerospace, robotics, clean energy, consumer, and automotive sectors.
Since its inception, Fictiv has produced over 35 million commercial and prototype components for some of the world’s most innovative companies. The company’s solution has been widely adopted, with growth further accelerated by the recent introduction of production manufacturing solutions. Nate Evans, Co-Founder and CXO of Fictiv, emphasized the importance of this acquisition, stating, “This is an exciting moment for our company, but an even more important one for our customers, as this acquisition will enable us to turbocharge our mission to simplify sourcing.”
MISUMI, headquartered in Japan, serves over 318,000 companies worldwide with a wide range of mechanical components, tools, and consumables. The company is renowned for its strict quality conformance, global logistics excellence, and unique customization capabilities, which will complement and enhance Fictiv’s offerings. The integration of MISUMI’s capabilities into Fictiv’s operations is expected to create a unified global platform that will significantly reduce the time, cost, and risk associated with building and scaling products.
The acquisition is expected to help customers by providing a comprehensive solution that allows them to build an entire bill-of-materials with world-class speed, price, and quality, all on a single platform. The deal is subject to customary closing conditions, including regulatory approvals. J.P. Morgan served as the exclusive financial advisor to Fictiv, while SMBC Nikko Securities acted as the financial advisor to MISUMI.
This partnership marks a pivotal moment for both companies, as they work together to redefine the future of manufacturing and supply chain management through digital integration and AI-driven solutions.
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