The acquisition, which completed yesterday (14 July 2015) afternoon, sees Horiba significantly expanding its portfolio into vehicle engineering and testing consultancy.
Both Horiba and MIRA – now known as Horiba MIRA – believe they and their customers are set to gain from the merger.
For Horiba, it means access to an expanded industry sector for its suite of test systems, while MIRA is enabled to continue with its plans for growth.
Atsushi Horiba, chairman, president and CEO of Horiba, says MIRA will be able to invest in its current facilities and enhance its capabilities on a global scale.
"We are pleased that MIRA - a hugely successful business within the automotive sector - has become a member of Horiba group," he says.
"MIRA has developed a niche offer within the automotive sector and has an exceptional pool of engineering capabilities, solving complex challenges with customers across the UK, China, Brazil and Korea," he continues.
"We are looking forward to building on this success and investing in MIRA's long-term vision, working together to build on our collective research and development capabilities. Together, we aim to be shaping journeys for another 140 years."
"Our vision for MIRA and MIRA Technology Park is to grow significantly, and by working together with Horiba, we have created an exciting plan that will allow us to accelerate that vision," agrees Dr George Gillespie OBE, CEO at Horiba MIRA.
"The planned investments into MIRA will allow us to continue to realise our ambitions and has also helped identify a number of additional areas of opportunity and investment in both facilities and technical capabilities."