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Corporation
INDUSTRIAL | Manufacturing / Industrial Equipment & Component Manufacturing
global-sei.com

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Investments

3

Portfolio Exits

1

Partners & Customers

7

About Sumitomo Electric Industries

Sumitomo Electric Industries (住友電気工業) (TYO: 5802) (NAG: 5802) (FSE: 5802) is focused on the manufacture and sales of products related to automotive, electronics, info communications, industrial materials, and environment & energy, including electric wire and optical fiber cables.

Sumitomo Electric Industries Headquarter Location

4-5-33, Kitahama Chuo-ku

Osaka, 541-0041,

Japan

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Latest Sumitomo Electric Industries News

Siemens Energy, Sumitomo to lead EPC of Greenlink interconnector project

Sep 21, 2021

Bord na Mona's Oweninny wind farm in County Mayo, Ireland. Image courtesy of Bord na Mona. September 21 (Renewables Now) - A tie-up of German group Siemens Energy AG (ETR:ENR) and Japan’s Sumitomo Electric Industries Ltd (TYO:5802) today said it has been chosen to build the 500-MW Greenlink interconnector between Wales and Ireland. The engineering, procurement and construction (EPC) contract was awarded by Greenlink Interconnector Ltd, which is fully owned by Swiss private markets investor Partners Group. The value of the award remained under wraps. The 190-km (mile) high voltage direct current (HVDC) link will stretch from the existing EirGrid Great Island substation in County Wexford, Ireland, to the UK National Grid’s Pembroke substation in south Wales. Siemens Energy and Sumitomo will be in charge of installing the onshore and subsea HVDC cables, two converter stations, a tail station and onshore cables in both Ireland and Wales. The partners will also oversee the facility’s operations under a service and maintenance contract. The subsea and underground electricity interconnector is due to be fully commissioned in 2024. Siemens Energy and Sumitomo will begin work at the start of 2022, once financial closing is reached. Greenlink calls for a total investment of over EUR 500 million (USD 586.5m). Partners Group purchased the 51% stake it did now previously own in the Greenlink project from Ireland’s Element Power Holdings in May 2021. (EUR 1.0 = USD 1.173)

Sumitomo Electric Industries Investments

3 Investments

Sumitomo Electric Industries has made 3 investments. Their latest investment was in Cocon as part of their Series A on October 10, 2018.

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Sumitomo Electric Industries Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/5/2018

Series A

Cocon

$24.62M

Yes

Undisclosed Angel Investors, Undisclosed Investors, and YJ Capital

4

3/18/1997

Corporate Minority

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$99M

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10

6/30/1994

Series A

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$99M

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10

Date

10/5/2018

3/18/1997

6/30/1994

Round

Series A

Corporate Minority

Series A

Company

Cocon

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Amount

$24.62M

$99M

$99M

New?

Yes

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Co-Investors

Undisclosed Angel Investors, Undisclosed Investors, and YJ Capital

Sources

4

10

10

Sumitomo Electric Industries Portfolio Exits

1 Portfolio Exit

Sumitomo Electric Industries has 1 portfolio exit. Their latest portfolio exit was Sumitomo Electric - EPON Business on March 20, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/20/2018

Divestiture

1

Date

3/20/2018

Exit

Divestiture

Companies

Valuation

Acquirer

Sources

1

Sumitomo Electric Industries Acquisitions

2 Acquisitions

Sumitomo Electric Industries acquired 2 companies. Their latest acquisition was Sinterwerke on May 31, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/31/2019

Acquired

2

3/31/2004

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$99M

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10

Date

5/31/2019

3/31/2004

Investment Stage

Companies

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Valuation

Total Funding

$99M

Note

Acquired

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Sources

2

10

Sumitomo Electric Industries Partners & Customers

7 Partners and customers

Sumitomo Electric Industries has 7 strategic partners and customers. Sumitomo Electric Industries recently partnered with TomTom on July 7, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

7/28/2021

Partner

TomTom

Netherlands

1

11/9/2017

Client

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10

4/12/2007

Vendor

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10

12/25/2003

Partner

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10

Licensor

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10

Date

7/28/2021

11/9/2017

4/12/2007

12/25/2003

Type

Partner

Client

Vendor

Partner

Licensor

Business Partner

TomTom

Country

Netherlands

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News Snippet

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Sources

1

10

10

10

10

Sumitomo Electric Industries Team

3 Team Members

Sumitomo Electric Industries has 3 team members, including current Chief Executive Officer, President, Masayoshi Matsumoto.

Name

Work History

Title

Status

Masayoshi Matsumoto

Chief Executive Officer, President

Current

Norio Okayama

Chief Executive Officer

Former

Graeme Smith

Managing Director

Former

Name

Masayoshi Matsumoto

Norio Okayama

Graeme Smith

Work History

Title

Chief Executive Officer, President

Chief Executive Officer

Managing Director

Status

Current

Former

Former

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