Panasonic to make Sanyo Electric a wholly owned subsidiary to the annihilation of famous "SANYO" brand such as eneloop

Rechargeable battery "Eneloop (enelope)"SANYO" brand of Sanyo Electric, which has been popular mainly in white goods such as washing machines and refrigerators, it became clear that Panasonic will disappear in making the company a wholly owned subsidiary.

Details are as below.
(PDF file)Panasonic Corporation announcement of agreement to make Panasonic Electric Works Co., Ltd. and Sanyo Electric Co., Ltd. a wholly-owned subsidiary

"SANYO" annihilation, to Panasonic unification: economic news: money · economy: YOMIURI ONLINE (Yomiuri Shimbun)

Panasonic: SANYO and Panasonic Electric Works make it a wholly owned subsidiary - Everyday jp (Mainichi Shimbun)

Panasonic, making SANYO Electric and Pana Electric Works a wholly owned subsidiary From 23rd August TOB - SankeiBiz (Sankei Biz)

According to Panasonic press releases and the Yomiuri Shimbun, Mainichi Shimbun and Sankei Shimbun, Panasonic decided to promote Panasonic Electric Works and Sanyo Electric to become wholly-owned subsidiaries in April 2011 is. It will be made into a wholly owned subsidiary by a tender offer and then a share exchange.

The Panasonic Group will further strengthen the power of the three companies after becoming a wholly-owned subsidiary, achieve the achievement of the three-year mid-term plan "Green Transformation 2012", and set the vision for the 100th anniversary of our founding, "No.1 environmental innovation We are accelerating our efforts to realize "enterprises".

The total purchase price is up to 818.4 billion yen, and brands are examining in a direction to unite with "Panasonic" in the future, and by promoting integration of the group, in addition to making a system to make decisions promptly, We are hurriedly consolidating and consolidating the investment in growth fields flexibly.

In 2007, Sanyo's mobile phone division, which has been popular mainly for au users, was transferred to KyoceraAlthough it is to respond to the trend of the times, it finally feels a loneliness of a single against the fact that the brand itself disappears at last.