Sanyo officially become Panasonic subsidiary.
Company Info March 26th, 2010
Panasonic Corporation completed the acquisition of majority stake Sanyo Electric Co. Ltd. today that Sanyo has officially become consolidated subsidiary Panasonic Corporation and will pursue its business goals as a member of the Panasonic Group companies.
Based on the conclusions of Business Alliance Agreement and the Capital on December 19, 2009, the two companies co-develop a committee that aims to deal mengamakan not conflict with the policy of anti-competitive business entities within and outside the country.
“The agreement is also tailored to the prevailing regulatory framework, and how to manage financial and operational position of the combined business,” wrote the script and the Treaty of Alliance Business Capital Business quoted from Bloomberg.
Panasonic new Group will try to realize synergies by integrating early mungin technology and manufacturing capabilities developed over the years. This group will also strengthen cooperation to maximize competitiveness in global markets.
Especially for the energy business, Panasonic Corporation targets to be the largest electronic companies which implement environmental innovation in 2018, or when 100-year-old Panasonic.
“To achieve this target, the company will utilize solid operating base that was built with industry-leading technology and innovative products. Panasonic will prioritize business strategy for the new Panasonic Group in the plan mid-term business plan in 2010,” says the treaty.
Panasonic is a world leader in developing and industrial electronics products with the target consumers, businesses, and large industrial needs. Company based in Osaka, Japan, was recorded consolidated sales of U.S. $ 78.4 billion (7.77 trillion yen) for 1 year to 31 March 2009.
