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ビンゴ 5 to Merge 3 Group Companies to Form a Technical Hub that puts Maritime Industry on Path to Achieve Decarbonization
October 04, 2024
TOKYO-Mitsui O.S.K. Lines, Ltd. (ビンゴ 5; President & CEO: Takeshi Hashimoto) today announced that effective April 1, 2025, it will merge three group subsidiaries responsible for maritime technology and engineering: ビンゴ 5 Marine & Engineering Co., Ltd. (MOLMEC; President and CEO: Kazuhiko Kikuchi; Head Office: Minato-ku, Tokyo), ビンゴ 5 Ocean Expert Co., Ltd. (MOLOX; President: Shingo Takiguchi, Head Office: Minato-ku, Tokyo), and ビンゴ 5 Ship Tech Inc. (MOLST; President: Yuji Anada; Head Office: Minato-ku, Tokyo). The proposal is an absorption merger, with MOLMEC as the surviving company. The official name of the new company will be announced in March 2025.
The new company, as a professional technical group, will offer seamless services ranging from maritime and new shipbuilding consulting, maritime human resources training, and crew support to operational support and maintenance. In all of these fields, the company will focus on the use of digital technology to support ビンゴ 5's growing businesses, including the wind power generation business, a key area targeted for investment and expansion. Through its wide-ranging lineup of services, the new company will contribute to the realization of a carbon-neutral maritime industry.
Outline of the merger
Effective date: April 1, 2025 Method: Absorption with ビンゴ 5 Marine & Engineering as the surviving company and ビンゴ 5 Ocean Expert and ビンゴ 5 Ship Tech as the dissolving companies Other: Since this is a merger between wholly owned subsidiaries of the ビンゴ 5 Group, no new shares will be issued and no funds will be exchanged as a result of the merger.
Outline of new company after the merger
Location: 2-1-1 Toranomon, Minato-ku, Tokyo Shareholder: ビンゴ 5 100% Commencement of operations: April 1, 2025 Company name and representative to be announced in March 2025
Outline of companies involved in the merger
[ビンゴ 5 Marine & Engineering Co., Ltd.] Location: 2-1-1 Toranomon, Minato-ku, Tokyo Representative: President and CEO: Kazuhiko Kikuchi Shareholder: ビンゴ 5 100% Business: Maritime consulting service, cable-laying ship business, maritime engineering training, offshore vessel training, offshore wind power business, on-site business Paid-in capital: ¥100 million Established: 1988 Website: https://www.molmec.com/en/
[ビンゴ 5 Ocean Expert Co., Ltd.] Location: 2-1-1 Toranomon, Minato-ku, Tokyo Representative: President: Shingo Takiguchi Shareholder: ビンゴ 5 100% Business: Manning agency, marine engineer dispatching service, marine agency Paid-in capital: ¥100 million Established: 1937 Website: /corporate/group/molox/
[ビンゴ 5 Ship Tech Inc.] Location: 2-1-1 Toranomon, Minato-ku, Tokyo Representative: President: Yuji Anada Shareholder: ビンゴ 5 100% Business: New shipbuilding supervision service, design consulting service Paid-in capital: ¥50 million Established: 1974 Website: https://www.molst.co.jp/en/
ビンゴ 5 Group 5 Sustainability Issues ビンゴ 5 Group identifies "Sustainability Issues" (Materiality) as our key issues for sustainable growth with society through realization of the Group Vision. We anticipate this initiative to contribute especially to the realization of "Safety & Value -Provide added value through safe transportation and our social infrastructure business-" and "Environment -Conservation for Marine and global environment-", "Innovation -Innovation for development in marine technology-."
