Sanyo Acquisition Complete

Panasonic Corp. announced Monday, Dec. 21, that it has taken majority control of Sanyo Electric Co., forming one of the world’s largest electronics manufacturers.

In a deal previously announced at $4.6 billion, Panasonic received preferred shares of Sanyo giving it a 50.27 percent ownership stake in the company.

Ownership of Sanyo will give Panasonic access to advanced solar panel and rechargeable battery technology, but Panasonic officials also will have to find a way to bring profitability back to Sanyo, which recorded a net loss of 30.6 billion yen ($338 million) between April and September 2009.

The Sanyo brand name will stay in place, and the company will keep its shares listed on the Tokyo Stock Exchange.

Panasonic wanted a bigger share and controlling interest in Sanyo, but settled for a minimum controlling stake with some shareholders unwilling to sell at a tender offer that was lower than the market price. The deal was delayed for months while both companies waited for clearance from worldwide anti-monopoly authorities.

News of the completed sale on Monday boosted Sanyo shares by 2.4 percent to 174 yen, while Panasonic fell 0.3 percent to 1,281 yen.

About the Author

Ralph C. Jensen is the Publisher/Editor in chief of Security Today magazine.

Featured

New Products

  • Compact IP Video Intercom

    Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis.

  • Luma x20

    Luma x20

    Snap One has announced its popular Luma x20 family of surveillance products now offers even greater security and privacy for home and business owners across the globe by giving them full control over integrators’ system access to view live and recorded video. According to Snap One Product Manager Derek Webb, the new “customer handoff” feature provides enhanced user control after initial installation, allowing the owners to have total privacy while also making it easy to reinstate integrator access when maintenance or assistance is required. This new feature is now available to all Luma x20 users globally. “The Luma x20 family of surveillance solutions provides excellent image and audio capture, and with the new customer handoff feature, it now offers absolute privacy for camera feeds and recordings,” Webb said. “With notifications and integrator access controlled through the powerful OvrC remote system management platform, it’s easy for integrators to give their clients full control of their footage and then to get temporary access from the client for any troubleshooting needs.”

  • Camden CM-221 Series Switches

    Camden CM-221 Series Switches

    Camden Door Controls is pleased to announce that, in response to soaring customer demand, it has expanded its range of ValueWave™ no-touch switches to include a narrow (slimline) version with manual override. This override button is designed to provide additional assurance that the request to exit switch will open a door, even if the no-touch sensor fails to operate. This new slimline switch also features a heavy gauge stainless steel faceplate, a red/green illuminated light ring, and is IP65 rated, making it ideal for indoor or outdoor use as part of an automatic door or access control system. ValueWave™ no-touch switches are designed for easy installation and trouble-free service in high traffic applications. In addition to this narrow version, the CM-221 & CM-222 Series switches are available in a range of other models with single and double gang heavy-gauge stainless steel faceplates and include illuminated light rings.