Key Takeaways
• Brother Industries plans to acquire Mutoh Holdings for about ¥35 billion ($224.7 million) to make it a wholly owned subsidiary, strengthening Brother’s position in wide-format and industrial printing.
• If completed by the March 23, 2026, tender deadline, the deal would expand Brother’s print portfolio into areas like UV, roll-to-roll and CAD printing, following its failed takeover attempt of Roland DG.
Japanese electronics company Brother Industries announced that it is looking to acquire wide-format printer manufacturer Mutoh Holdings in a deal worth an estimated ¥35 billion – equivalent to around $224.7 million – or approximately $49 per share.
The goal of the deal would be to turn Mutoh Holdings into a wholly owned subsidiary of Brother, according to Printweek.
This follows Brother’s attempted hostile takeover of Roland DG, the Japanese parent company of print equipment manufacturer Roland DGA, which was ultimately unsuccessful after Roland DG’s management team successfully acquired a majority stake in the business.
Should this deal go through successfully, though, it would enhance Brother’s offerings in the print space, as Mutoh sells a range of print equipment in areas like UV printing, roll-to-roll printing and CAD plotting. Mutoh also has an existing partnership to use Fujifilm’s AQUAFUZE water-based UV ink on devices such as its HydrAton 1642 wide-format printer.
The offer will reportedly expire after 30 business days on March 23, 2026, which Brother said in a tender offer notice is “longer than the statutory minimum of 20 business days” to give Mutoh shareholders “appropriate opportunity to decide whether to tender their shares in the tender office, and parties other than the offeror are also provided with an opportunity to purchase target’s stock.”
