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Sony to Acquire Epson TFT-LCD Subsidiary in Suzhou

Tencent, 3/10/11

Sony (China) yesterday announced that it has signed an agreement to acquire Epson Group's small and medium-sized TFT-LCD panel manufacturing subsidiary Suzhou Epson Co., Ltd. in a deal worth RMB 775 mln. The acquisition will increase Sony's TFT-LCD panel production capacity and efficiency. Sony will also manufacture LCD screens and touchscreens to use in smartphones and automobiles.

Epson and Sony plan to complete the transfer of all Suzhou Epson equity from the Epson Group to Sony (China) Limited by September 30, 2011, subject to the receipt of any necessary government approval.

Keywords: Epson production facility hardware production capacity Sony TFT-LCD M&A display

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