Canon to buy 54% stake in NEC Machinery for $46 mln
Canon Inc., Japan's top copier and digital camera
maker, said on Thursday it will pay about 5.1 billion yen ($46 million) to buy
54 percent of NEC Machinery Corp. a unit of NEC Corp.
Canon said NEC Machinery, a maker of
chip-manufacturing equipment, possessed advanced manufacturing technologies for
automation equipment and the acquisition would help Canon speed up its on-going
cost-cutting effort.
Posted: Thu - August 25, 2005 at 08:35 AM