Daitron Technology Co.,Ltd. agreed to acquire EM business division from Daito Electron Co., Ltd. (TSE:7609) for approximately ¥300 million on November 5, 2012. In a related deal, Daito Electron Co., Ltd. also agreed to sell power source business division to Daito Denso Co.,Ltd. EM business division reported annual total assets of ¥317.92 million, total revenue of ¥1.21 billion and operating profit ¥169.543 million for the year 2012. The transaction is expected to close on January 1, 2013.
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- Daitron Technology Co.,Ltd. agreed to acquire EM business division from Daito Electron Co., Ltd. for approximately ¥300 million.