SORD Corporation
- Location: Chiba-city, Chiba
- Industry: Industrial Technology
- Business: Design, manufacturing and sales of embedded PC
- URL: https://www.sord.co.jp/
Investment Overview
Investment timing: 2018/2
Exit timing: 2021/1
Deal type: Carve-Out
Fund: AG II
Status: Exit
Investment Background / Post-Investment Activities
Investment Background
Sord is a leading manufacturer of embedded PCs, mainly for medical equipment and other applications. Aspirant Group invested in the company in response to the business carve-out needs of its parent company, Toshiba Corporation, with the themes to assist with the company’s standalone process and to pursue further growth.
Post-Investment Activities
Development of Infrastructure
- Development of an accounting management system
- Design/management of meeting structure
- Development of Corporate Infrastructure (Introduction of divisions by business)
Rationalization
- Improvement in Productivity – Cost reductions (Shift production, which was formerly outsourced overseas to in-house production)
- Pricing Strategy (Price review based on profitability analysis by product)
Support for Growth
- Add-On Acquisition (Acquisition of embedded PC business, promotion of collaboration with other companies related to IoT/robotics)
Exit
In 2021, Sord became the wholly owned subsidiary of PCI Holdings, which has a synergistic embedded software development and other information services business with Sord, as they valued Sord’s hardware development expertise.