Daito Denso Co.,Ltd. agreed to acquire power source business division from Daito Electron Co., Ltd. (TSE:7609) for ¥72.8 million on November 5, 2012. In a related deal, Daito Electron Co., Ltd. also agreed to sell EM business division to Daitron Technology Co.,Ltd. Power source business division reported annual total assets of ¥106.467 million, total revenue of ¥484.072 million and operating loss ¥22.095 million for the year 2012. The transaction is expected to close by January 1, 2013.
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- Daito Denso Co.,Ltd. agreed to acquire power source business division from Daito Electron Co., Ltd. for ¥72.8 million.