IDEC Corporation acquired unknown majority stake in Tokyo Sensor Co., Ltd.
May 22, 2018
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IDEC Corporation (TSE:6652) signed a contract to acquire unknown majority stake in Tokyo Sensor Co., Ltd on May 23, 2018. Post acquisition, Tokyo Sensor Co., Ltd will become a subsidiary of IDEC Corporation. The transaction has been resolved by the Board of Directors of IDEC Corporation on May 23, 2018. The transaction is expected to be completed on July 2, 2018.
IDEC CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of control equipment related products. The Company operates in four geographic segments, including Japan, America, EMEA and Asia Pacific. The main business is manufacturing and sale of human machine interface (HMI) solutions, in-board equipment solutions, automation solutions, safety and explosion-proof solutions, systems, and others. HMI solutions include switches, joysticks and indicator lights. In-board equipment solutions include switching power supplies, terminal blocks, control relays sockets, circuit protectors and others. Automation solutions include programmable controllers, programmable displays, photoelectric switches and automatic recognition devices. Safety and explosion-proof solutions include safety-related equipment and explosion-proof equipment. The Company is also engaged in manufacture and sale of systems, collaborative safety robot system business and environment energy business.
IDEC CORPORATION 
