MISUMI Group Acquires Fictiv Inc. to Revolutionize Procurement in Manufacturing
In a strategic move to enhance its business offerings, MISUMI Group Inc. has resolved to acquire Fictiv Inc., a company renowned for its on-demand custom mechanical component services for the manufacturing sector. The decision was made during a Board of Directors' meeting held on April 17, 2025. This acquisition, valued at approximately $350 million (about JPY 50.1 billion), marks a significant milestone for MISUMI Group's ongoing efforts to digitally transform its operations and cater to a broader customer base.
Founded in 2013, Fictiv has established itself as a key player in the procurement of custom mechanical components, boasting operations in the US, China, India, and Mexico. The company employs around 400 people and collaborates with a network of approximately 250 manufacturing partners worldwide. Fictiv's growth trajectory has been impressive, especially in its on-demand service offerings, which align perfectly with MISUMI Group’s strategic vision and operational capabilities.
At the core of this acquisition is the aim to enhance MISUMI's digital services, particularly their innovative on-demand procurement platform known as "meviy." By integrating Fictiv’s robust service model and customer base, MISUMI Group intends to significantly improve customer value through optimized service delivery that meets the urgent needs of the manufacturing industry. This fusion of capabilities is expected to facilitate a transition from traditional manufacturing practices to advanced, technology-driven solutions.
As part of its commitment to eliminating inefficiencies in the Industrial Automation (IA) sector, MISUMI Group views this acquisition as a pivotal step towards enhancing what they refer to as the "Customer's Time Value." The company’s approach is rooted in their strong business model that effectively combines production and distribution, underpinned by a solid IT infrastructure, logistics capacity, and manufacturing expertise.
The meviy platform has already revolutionized how custom parts are procured, allowing users to receive instantaneous quotations and delivery in as little as one day simply by uploading design data, such as 3D-CAD files. This has led to a remarkable 90% reduction in the time required for procuring custom parts, attracting a user base of 170,000 globally. Notably, for four consecutive years, MISUMI has maintained its leading market share in Japan for online mechanical parts procurement services, as highlighted by a report from Techno Systems Research Co., Ltd.
The acquisition of Fictiv Inc. is not just about adding a new service; it represents a strategic expansion into the upstream areas of product development within the manufacturing value chain. With overlapping business philosophies and operational goals, both companies expect to leverage their complementary strengths to create a synergistic partnership that will drive future growth.
Moreover, the merger is poised to set the groundwork for enhancing their product offerings while contributing to sustainable growth in the IA sector. With a shared vision of customer-centric service and innovation, MISUMI Group and Fictiv look forward to a collaborative effort in transforming the landscape of mechanical components procurement, ultimately fostering the advancement of manufacturing efficiency globally.
As they embark on this new chapter, MISUMI Group continues to prioritize the elimination of inefficiencies in the IA industry, aiming to amplify the customer experience through reliable, quick, and high-quality service delivery. The integration of Fictiv into the MISUMI framework serves as a testament to their commitment to innovation, customer satisfaction, and sustainable industry growth.
Founded in 2013, Fictiv has established itself as a key player in the procurement of custom mechanical components, boasting operations in the US, China, India, and Mexico. The company employs around 400 people and collaborates with a network of approximately 250 manufacturing partners worldwide. Fictiv's growth trajectory has been impressive, especially in its on-demand service offerings, which align perfectly with MISUMI Group’s strategic vision and operational capabilities.
At the core of this acquisition is the aim to enhance MISUMI's digital services, particularly their innovative on-demand procurement platform known as "meviy." By integrating Fictiv’s robust service model and customer base, MISUMI Group intends to significantly improve customer value through optimized service delivery that meets the urgent needs of the manufacturing industry. This fusion of capabilities is expected to facilitate a transition from traditional manufacturing practices to advanced, technology-driven solutions.
As part of its commitment to eliminating inefficiencies in the Industrial Automation (IA) sector, MISUMI Group views this acquisition as a pivotal step towards enhancing what they refer to as the "Customer's Time Value." The company’s approach is rooted in their strong business model that effectively combines production and distribution, underpinned by a solid IT infrastructure, logistics capacity, and manufacturing expertise.
The meviy platform has already revolutionized how custom parts are procured, allowing users to receive instantaneous quotations and delivery in as little as one day simply by uploading design data, such as 3D-CAD files. This has led to a remarkable 90% reduction in the time required for procuring custom parts, attracting a user base of 170,000 globally. Notably, for four consecutive years, MISUMI has maintained its leading market share in Japan for online mechanical parts procurement services, as highlighted by a report from Techno Systems Research Co., Ltd.
The acquisition of Fictiv Inc. is not just about adding a new service; it represents a strategic expansion into the upstream areas of product development within the manufacturing value chain. With overlapping business philosophies and operational goals, both companies expect to leverage their complementary strengths to create a synergistic partnership that will drive future growth.
Moreover, the merger is poised to set the groundwork for enhancing their product offerings while contributing to sustainable growth in the IA sector. With a shared vision of customer-centric service and innovation, MISUMI Group and Fictiv look forward to a collaborative effort in transforming the landscape of mechanical components procurement, ultimately fostering the advancement of manufacturing efficiency globally.
As they embark on this new chapter, MISUMI Group continues to prioritize the elimination of inefficiencies in the IA industry, aiming to amplify the customer experience through reliable, quick, and high-quality service delivery. The integration of Fictiv into the MISUMI framework serves as a testament to their commitment to innovation, customer satisfaction, and sustainable industry growth.
Topics Business Technology）
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