Canon to buy 54% stake in NEC Machinery for $46 mlnCanon 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 WIR NewsStream by Piranha Daily News The Stream Previous Next |
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Total entries in this blog: 1561
Total entries in this category: 1561 Published On: Sep 13, 2005 07:22 PM |
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