HORIBA, World Leader in Automotive Excellence, Acquires MIRA in Historic Sale


NUNEATON, England  - Midlands-based MIRA becomes a member of HORIBA



HORIBA - a world-leader in automotive test systems - is expanding its operation through the purchase of the global advanced vehicle engineering, research and product testing business operated by MIRA.



The investment, which was completed today (July 14 2015), will see HORIBA expand its current portfolio, with a move into vehicle engineering and testing consultancy.



Both HORIBA and MIRA - now known as HORIBA MIRA Ltd. - are set to benefit from the sale, which enables HORIBA to address the emerging areas of next generation mobility including electrified powertrain, intelligent vehicles and vehicle attributes technologies. By this integration, HORIBA can provide a comprehensive solution underpinned by a suite of test systems and advanced vehicle engineering capabilities. Collectively, the two companies have 140 years of experience in their respective fields, with both celebrating 70 years of operation in 2015/16.



The sale will allow MIRA to continue with its ambitious plans for growth by building on its unparalleled reputation in vehicle RD, engineering and testing. The sale will also allow MIRA to invest in its current facilities and enhance its capabilities on a global scale.



Atsushi Horiba, Chairman, President and CEO of HORIBA, comments: "We are pleased that MIRA - a hugely successful business within the automotive sector - has become a member of HORIBA Group.



"MIRA has developed a niche offer within the automotive sector and has an exceptional pool of engineering capabilities, solving complex challenges with customers across the UK, China, Brazil and Korea. We are looking forward to building on this success and investing in MIRA's long-term vision, working together to build on our collective research and development capabilities. Together, we aim to be shaping journeys for another 140 years."



Dr George Gillespie OBE, CEO at HORIBA MIRA Ltd., said: "Our vision for MIRA and MIRA Technology Park is to grow significantly, and by working together with HORIBA, we have created an exciting plan that will allow us to accelerate that vision. The planned investments into MIRA will allow us to continue to realise our ambitions and has also helped identify a number of additional areas of opportunity and investment in both facilities and technical capabilities.



"In the immediate future, it's business as usual. Our customers continue to access our engineering and testing services as well as our full Technology Park offering and our employees continue to be part of an internationally acclaimed test and engineering consultancy, unrivalled in its global expertise and facilities."



About HORIBA MIRA



HORIBA MIRA Ltd is a world-leader in advanced engineering, research and product testing. Over 70 years it has grown into a truly international organisation with facilities located around the world. MIRA's work spans the Automotive, Aerospace, Rail and Defence industries and includes the development of ground-breaking low carbon and autonomous vehicle technologies.



Company Name              HORIBA MIRA Ltd.

Address                         Watling Street, Nuneaton, Warwickshire, CV10 0TU, United Kingdom Incorporated                  1st January 1946

Business domain             Engineering Consultancy, Test Consultancy, Transport Technology Park

Representative                Dr George Gillespie OBE

Web address                  http://www.horiba-mira.com



About HORIBA



Headquartered in Kyoto, Japan, the HORIBA Group is a global leading supplier of measurement technology and systems for various fields from automotive testing, process and environmental monitoring, in-vitro medical diagnostics, semiconductor manufacturing and metrology to scientific RD and QC measurements.



Company name                              HORIBA, Ltd.

Address                                           2, Miyanohigashi-cho, Kisshoin, Minami-ku, Kyoto, Japan

Web address                                  http://www.horiba.com

Founded                                          October 17, 1945

Incorporated                                    January 26, 1953

Net sales                                         153,065 million Japanese yen (Consolidated, Fiscal 2014)

Paid in capital                                 12,011 million Japanese yen (As of December 31, 2014)

Business domain                            Manufacture and sale of analytical measurement equipment

Fiscal closing date                          December 31, annually

Annual meeting of shareholders    Held in March

Number of employees                    5,965 (Consolidated, as of December 31, 2014)

Representative                                Atsushi Horiba - Chairman, President CEO

Stock listings                                   Tokyo Stock Exchange, First Section Securities Code: 6856



About HORIBA Automotive Test Systems



Business segment of the HORIBA Group, Automotive Test Systems (ATS) has developed global leadership in the fields of engine test systems, driveline test systems, brake test systems, wind tunnel balances and emissions test systems. HORIBA ATS is able to offer its customers complete solutions with full turnkey capability for all industries using electric motors, internal combustion engines and turbines. These include the automotive, heavy-duty, off-road, consumer goods, marine, aerospace and locomotive sectors.



HORIBA-MIRA



CONTACT: For further information about HORIBA, MIRA and MIRA Technology Park, contact Hayley Longdin or Bethany Haller at Grayling: +44-(0)121-265-2760 or horiba-mira@grayling.com

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