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Home > Infotech > International > Business Deal
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NTT DATA To Take Over 60 Per Cent Stake In Panasonic Mobile NTT DATA To Take Over 60 Per Cent Stake In Panasonic Mobile
 
Reinforcing development capabilities for embedded software, Panasonic Mobile and NTT DATA reach basic agreement to form business alliance.

EFY News Network  (874)

Saturday, July 05, 2008:  Panasonic Mobile Communications and NTT DATA Corporation have reached a basic agreement on a capital and business alliance on Panasonic Mobile & System Engineering Co., Ltd (PMSE), a wholly owned subsidiary of Panasonic Mobile. NTT DATA will take over 60 per cent of the shares issued of PMSE.
Through this alliance, Panasonic Mobile and NTT DATA intend to form a new partnership and establish cooperative structure to enhance the corporate values of all three companies involved, including PMSE.

This partnership will enable Panasonic Mobile to strengthen its development capabilities in the technology of product differentiation and reinforce its competitiveness in the mobile phone business which is one of core businesses in Matsushita Group, says the company.

NTT DATA regards this capital and business alliance as the significant partnership in the field of embedded software which is the 'Growth Engine' in its Medium-Term Management Plan. Through this partnership with Panasonic Mobile, NTT DATA will contribute to the business expansion of Panasonic Mobile and strive to expand its embedded software business for a broader customer base by PMSE.

The software unit, Panasonic Mobile & System Engineering Co., Ltd, has about 1,000 employees and forecasts 13 billion yen in revenue for the year to March 2009.

EFY News Network


 
 
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