Nitto Denko Corporation(headquarter: Osaka, Japan, President: Hideo Takasaki, hereafter Nitto) and Bend Labs, Inc. (US, Co-CEO: Jared Jonas, Colton Ottley, hereafter "Bend") have agreed on Nitto’s acquisition of Bend. Bend merges into the Nitto Group on June 1, 2022 and starts its business as Nitto Bend Technologies. Hereafter, they will combine Bend’s sensor device technologies with Nitto's strengths to develop next-generation technologies and products, and to develop new businesses which utilize sensor-acquired data.
Overview of the acquired company:
Former Company Name | Bend Labs, Inc. |
New Company Name | Nitto Bend Technologies, Inc. |
Location | Farmington, Utah, United States |
Year of Establishment | 2013 |
Representatives | Jared Jonas, Colton Ottley |
Number of Employees | 9 |
Sales (in FY2021) | 5.9M US$ |
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