JUKI Corporation (“JUKI”) and Sony Corporation(“Sony”) today announced that they have signed a legally non-binding memorandum of intent to carry on the discussion regarding the possible integration of the surface-mount
technology (“SMT”) equipment and related businesses of JUKI and Sony EMCS
Corporation, a wholly owned subsidiary of Sony (“Sony EMCS”), under a newly
established company (“New Company”). This integration is intended to strengthen the competitiveness of each company’s respective SMT equipment and related businesses.
The New Company is expected to be established by capital injection from JUKI and Sony, respectively, with JUKI holding more than two thirds of the total shares.
JUKI and Sony will continue further discussions with the aim of entering into a legally binding definitive agreement and proceeding with this business integration by the end of September, 2013, subject to any necessary approvals of the authorities concerned.
General Affairs Dept., JUKI Corporation TEL: 81-42-357-2398
Corporate Communications, Sony Corporation TEL: 81-3-6748-2200