M&A Deal Summary

Nitto Denko Acquires Bend Labs

On June 1, 2022, Nitto Denko acquired semiconductors company Bend Labs

Acquisition Highlights
  • This is Nitto Denko’s 1st transaction in the Semiconductors sector.
  • This is Nitto Denko’s 4th transaction in the United States.
  • This is Nitto Denko’s 1st transaction in Utah.

M&A Deal Summary

Date 2022-06-01
Target Bend Labs
Sector Semiconductors
Buyer(s) Nitto Denko
Deal Type Add-on Acquisition

Target

Bend Labs

Farmington, Utah, United States
Bend Labs is a soft silicone sensor platform for measuring human motion. The company's patented soft silicone bending, stretch and pressure sensor platforms will be the enabling technology underlying a significant portion of the tens of millions of smart garments, virtual reality gloves, and remote medical devices that are predicted to ship within the next five years. Built on top of core technology(low power sensors + algorithms + software), its sensor systems will seamlessly integrate into a range of products and target the growing smart clothing, VR, and remote healthcare markets. Bend Labs was formed in 2013 and is based in Farmington, Utah.

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Buyer(S) 1

Buyer

Nitto Denko

Osaka, Japan

Category Company
Founded 1918
Sector Consumer Products
Employees25,769
Revenue 1.01T JPY (2025)
DESCRIPTION

Nitto Denko is a company which produces tapes, vinyl, LCDs, insulation, and several other products. Nitto Denko was founded in 1918 and is based in Osaka, Japan.


DEAL STATS #
Overall 7 of 7
Sector: Semiconductors M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 6
State: Utah M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-25 nolax Airbag

Switzerland

nolax Airbag is the developer and supplier of major multilayer film solution for the sealing of side curtain airbags, a growing segment within the expanding airbag market. Side curtain airbags protect car occupants from severe or fatal injuries during a rollover accident. This requires the airbags to remain inflated for a certain period of time which is being ensured by nolax Airbag’s innovative adhesive films.

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