After completion of the transaction, a new entity engaging in the measuring systems business divested from SMS is expected to become a wholly owned and consolidated subsidiary of Mori Seiki as of the end of March 2010, subject to receipt of any necessary government approvals.
Outline of the Definitive Agreement
- Business to be Transferred
- Production, maintenance and after-sales support operations of the Magnescale, Laserscale, and digital gauge business operated at SMS’ Isehara plant, sales marketing operations of the measuring systems business located at SMS’ domestic plants and other Sony sales subsidiaries, etc.
- 6 billion Japanese yen
- Impact on Financial Results