Supply chain technology company Fictiv announced that it has agreed to be acquired by MISUMI Group, a leading global supplier of mechanical components for the manufacturing industry based in Japan. The all-cash deal has a total consideration of $350 million, subject to closing adjustments. After the deal is closed, Fictiv will join MISUMI.
This acquisition also represents an investment by MISUMI to accelerate the emergence of manufacturing and supply chain solutions that deploy the power of AI through digitally native tools built on top of physical infrastructure to build real-world products efficiently and on a scalable basis.
Supply chain industries are rapidly evolving and increasingly volatile, driven by global tariffs and trade policy shifts, geopolitical uncertainty, logistics disruptions, and technology developments. These events expose expensive, inefficient, and opaque traditional manufacturing and supply chain methods, creating inordinate risk in building and scaling products.
Fictiv brings together AI-based technology workflows, a global manufacturing network, and teams of local manufacturing experts to simplify sourcing for custom mechanical components.
So far, Fictiv has produced over 35 million commercial and prototype components for some of the world’s most innovative products across early-stage and large enterprises in the aerospace, robotics, clean energy, consumer, and automotive sectors. And customer adoption of Fictiv’s solution has skyrocketed, accelerated further by the recent launch of production manufacturing solutions.
Based in Japan, MISUMI supplies mechanical components, tools, consumables, and other products to over 318,000 companies worldwide. Customers recognize the MISUMI brand for strict quality conformance, global logistics excellence, and scalability offered by digital tools and unique customization capabilities. Bringing this to Fictiv will help make their solution even better and more scalable, benefiting customers by providing a single global platform capable of creating an entire bill of materials with favorable speed, price, and quality.
Advisors: J.P. Morgan served as exclusive financial advisor, and Morrison & Foerster served as legal counsel to Fictiv. And SMBC Nikko Securities served as financial advisor and Clifford Chance LLP served as legal counsel to Misumi.
KEY QUOTES:
“Fictiv and MISUMI share a joint vision to make access to world-class manufacturing & supply chain capabilities easier, more accessible, more intelligent, and democratized. Giving more teams the tools to take their ideas from concept to reality will unlock innovation to fuel the advancements we want to see in the world.”
– Dave Evans, Co-Founder & CEO, Fictiv
“This is an exciting moment for our company, but an even more important one for our customers, as this acquisition will enable us to turbocharge our mission to simplify sourcing. Fictiv and MISUMI bring together digital and physical infrastructure to support a full bill-of-materials, and reduce the time, cost, and risk associated with building and scaling products.”
– Nate Evans, Co-Founder & CXO, Fictiv
