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Kyocera to Acquire 93.5% Ownership in Showa Optronics
Thursday 26 March 2020

26 March 2020 - Japanese ceramics and electronics manufacturer Kyocera Corp. has entered into a share transfer agreement with NEC Corp. to acquire all shares of optical components manufacturer Showa Optronics. Co. owned by NEC, the company said.
The transaction will give Kyocera 93.53% ownership of SOC's shares. SOC will begin operating as a subsidiary of Kyocera on June 1, 2020, under the name Kyocera Showa Optronics Co., Ltd.
In acquiring SOC as a subsidiary, Kyocera aims to become a leading optical components company by expanding its new product offerings in the laser market, maximising synergies through both companies' combined technologies, and utilising Kyocera's worldwide sales network and production facilities to further expand its optical components businesses.
Kyocera Corp. (TOKYO: 6971), the parent and global headquarters of the Kyocera Group, is a supplier of semiconductor packages, industrial and automotive components, electronic devices, solar power generating systems, printers, copiers and mobile phones. During the year ended March 31, 2019, the company's consolidated net sales totaled JPY 1.62tn (USD 14.6bn).
Date Published: 26/03/2020