TeraDiode becomes 100% Subsidiary of Panasonic
Wilmington, MA – TeraDiode, Inc. (TeraDiode) announced today that the merger transaction signed on January 2, 2017, wherein Panasonic Corporation (Headquarters: Osaka, Japan) will acquire all its shares, has closed. With the closing of the transaction, TeraDiode will become a 100% subsidiary of Panasonic. This structure will enable Panasonic to accelerate the growth of its laser processing businesses by integrating TeraDiode’s proprietary wavelength beam combined direct diode laser (DDL) technology with Panasonic’s capabilities and global reach. Panasonic and TeraDiode will now jointly drive the rapid expansion of ultra-bright DDL technology and strengthen the laser processing business as a new core business of Panasonic in the factory solutions field.
Panasonic Corporation is a worldwide leader in the development of diverse electronics technologies and solutions for customers in the consumer electronics, housing, automotive, enterprise solutions and device industries. Since its founding in 1918, the company has expanded globally and now operates 474 subsidiaries and 94 associated companies worldwide, recording consolidated net sales of 7.553 trillion yen for the year ended March 31, 2016. Committed to pursuing new value through innovation across divisional lines, the company uses its technologies to create a better life and a better world for its customers. To learn more about Panasonic: http://www.panasonic.com/global.
# # #