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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
JUKI and Sony Sign Memorandum of Intent Regarding Integration of SMT Equipment and Related Businesses

The New Company is expected to be established by capital injection from JUKI and Sony, respectively, with JUKI holding more than two thirds of the total shares.

Tokyo, Feb 6, 2013 - (JCN Newswire) - JUKI Corporation ("JUKI") and Sony Corporation ("Sony") today announced that they have signed a legally non-binding memorandum of intent to carry on the discussion regarding the possible integration of the surface-mount technology ("SMT") equipment and related businesses of JUKI and Sony EMCS Corporation, a wholly owned subsidiary of Sony ("Sony EMCS"), under a newly established company ("New Company"). This integration is intended to strengthen the competitiveness of each company's respective SMT equipment and related businesses. The New Company is expected to be established by capital injection from JUKI and Sony, respectively, with JUKI holding more than two thirds of the total shares.

JUKI and Sony will continue further discussions with the aim of entering into a legally binding definitive agreement and proceeding with this business integration by the end of September, 2013, subject to any necessary approvals of the authorities concerned.

About Sony

Sony Corporation is a leading manufacturer of audio, video, game, communications, key device and information technology products for the consumer and professional markets. With its music, pictures, computer entertainment and on-line businesses, Sony is uniquely positioned to be the leading electronics and entertainment company in the world. Sony recorded consolidated annual sales of approximately $79 billion for the fiscal year ended March 31, 2012. Sony Global Web Site: http://www.sony.net/



Source: Sony

Contact:

Sony Corporation
Corporate Communications
T: +81-3-6748-2200
E: sony.pressroom@sony.co.jp


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