Bluefors, a leading Finnish manufacturer of cryogenic measurement systems, has announced its acquisition of Rockgate, a distributor of cryogenic equipment based in Tokyo, Japan.
With the acquisition Bluefors will establish a direct sales and service presence in the Japanese cryogenics technology market and expand its global footprint beyond Finland, Germany, the Netherlands, and the United States.
Blufors founder & CEO, Rob Blaauwgeers, said Rockgate became the first distributor for Bluefors in the early stages of its journey and they have been there ever since to support the company in Japan.
"They have trusted us and our solutions from the beginning and we trust the team will continue to support our Japanese customers and drive Bluefors' growth in Japan with great success,” he said.
The director & founder of Rockgate, Tsuneo Kado, said Bluefors is a great home for Rockgate.
“As it is time for me to start thinking about retirement, I can take that step with great comfort knowing the team will be part of a company with great people, products and future,” Kado said.
Bluefors VP of sales, Mikko Nurminen, said the acquisition of Rockgate is in line with Bluefors' growth strategy to be close to their markets and to drive customer intimacy. "Japan is one of the world's leading cryogenics and quantum technology markets, with great future growth potential,” Nurminen said.
"Establishing direct Bluefors presence in the market to be even closer to the customers to understand their evolving needs is crucial for continuing to meet and exceed our customers' expectations,” he said.
Following the completion of the acquisition, Tsuyoshi Ohta will take the lead of the Bluefors business in Japan. The transaction is estimated to be completed by end of June 2023.