The Japanese corporation Minebea Co Ltd acquired full capital and assets of the Swiss technology company Paradox Engineering SA. After joining Paradox Engineering as shareholder and major strategic partner at the beginning of 2014, Minebea has now moved to complete its investment to capitalise on the Swiss company’s vision, know-how and technologies and accelerate the success of the Group in the Internet of Things (IoT) and Smart markets.
Paradox Engineering is entrusted to shape the Group vision and innovation strategy, and will act as extended R&D center developing cutting edge technologies enabling and transforming Minebea’s products to be full IoT ready for the full-fledged implementation of its new ‘Five Arrows’ and ‘Five Arrows for New Products’ strategies.
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