Vekoma Rides Aqcuired by Sansei Technologies

PRESS RELEASE

Vlodrop - Tokyo, March 30, 2018. Dutch roller coaster manufacturer Vekoma Rides (Vekoma), based in Vlodrop, the Netherlands, was acquired today by Sansei Technologies (Sansei), a Japanese company listed on Tokyo Stock Exchange. With the 100% acquisition of Vekoma (100% of the shares will be taken over), Sansei will increase its global market share in the field of designing, supplying and installing roller coasters. Headquartered in Osaka, Japan and active in the global entertainment equipment industry, Sansei achieved a turnover of around 225 million euros in 2017, largely from the sale of attractions to amusement parks and dynamic stage installations to theatres.
The collaboration with Sansei is the beginning of a new chapter in Vekoma’s development. Since the start in 2001, Vekoma has steadily grown into an innovative manufacturer of roller coasters. In addition to seeing geographical growth, Vekoma has also managed to position itself as a preferred supplier to a number of globally operating owners of leading theme parks. With the acquisition by Sansei, Vekoma can now further expand its leading position in the worldwide market of rollercoasters and other amusement park attractions.
 
Reputable partner
Vekoma’s takeover is a logical next step, according to its Management. Explains Kees van Biert, chairman of the Supervisory Board: “In recent years, a solid foundation has been laid, in which safety, innovation, quality and customer satisfaction have served as spearheads of our policy. In Sansei, we have found a reputable partner, with equivalent standards and values, who can offer continuity to the company and bring us even further. Through their presence and contacts, we also see opportunities to better serve new regions, such as Japan, Southeast Asia and North America.”
 
Governance structure
The conditions of the acquisition stipulate that no changes may be made to the strategy, management, terms of employment and the location of the business. Vekoma’s governance structure will, therefore, remain virtually unchanged after the acquisition, and its current management team will remain intact. Mr Nakagawa, CEO of Sansei, will sit on the Supervisory Board along with the current two Supervisory Board members, Mr Van Biert and Mr Steenbakker. The company will continue its activities under the same trade name as an independently operating company. The Works Council of Vekoma Rides, which was involved in the process from an early stage, gave a positive advice on the acquisition.
 
About Vekoma
Vekoma is a leading rollercoaster manufacturer – one of the world's most innovative. The focus of the company is on the development, production and installation of roller coasters and special attractions and after sales services for theme- and amusement parks. In addition to a portfolio ranging from thrill- to family rides, Vekoma is continuously working on the development of customized projects commissioned by and in close collaboration with a wide range of international clients. Its head office is located in Vlodrop, in the Netherlands, and with over 300 employees, Vekoma is an important employer in the region.
 
About Sansei Technologies
Sansei plans, designs, manufactures, installs, repairs and maintains attractions, stage installations, elevators and other designed equipment in Japan and beyond. The company's attractions include roller coasters, water attractions, dark rides and much more. It also offers stage equipment, such as sliding stages, mobile stage equipment, inclined floors and rotating stages. Founded in 1951 and formerly known as Sansei Yusoki Co., Ltd. the company changed its name to Sansei Technologies, Inc. in January 2014. It is headquartered in Osaka, Japan.
 
For further information, please contact Yvonne Paulussen, +31627834184
 
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