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SUMIDA CORP to set up sub-subsidiary to acquire business from NIHON KOHDEN CORP

Wednesday, 12 Feb 2014 01:00am EST 

SUMIDA CORP and NIHON KOHDEN CORP:SUMIDA CORP says it will set up a wholly owned sub-subsidiary in Nagano, Japan in March, to acquire transformer business from NIHON KOHDEN CORP and its subsidiary, on Mar. 31.The new sub-subsidiary of SUMIDA will start operation on Apr. 1, for development, manufacture and sale of medical and industrial high frequency transformers, electric reactors and inductors.The transaction price was not disclosed. 

Company Quote

43.0 +1.68%
1:00am EST