Foster Electric Company, Limited completed the acquisition of Micro Audio Components Business from Star Micronics Co., Ltd..
January 31, 2013 at 11:00 pm
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Foster Electric Company, Limited (TSE:6794) signed a formal contract to acquire Micro Audio Components Business from Star Micronics Co., Ltd. (TSE:7718) on August 6, 2013. The transaction is expected to complete on January 1, 2014. The transaction is expected to have a negligible impact on Star Micronics' business results.
Foster Electric Company, Limited (TSE:6794) completed the acquisition of Micro Audio Components Business from Star Micronics Co., Ltd. (TSE:7718) on January 1, 2014. The business has been restructured into a subsidiary named Foster Micro Acoustic Company by Foster Electric Company, Limited.
Foster Electric Company, Limited is a Japan-based company principally engaged in the manufacture and sale of speakers, audio equipment and electronic equipment. The Company operates in three business segments. Speaker segment is involved in the manufacture and sale of audios, televisions as well as in-vehicle speakers and speaker systems. Mobile Audio segment is involved in the manufacture and sale of headphones, headsets, small speakers and professional microphones. Others segment is involved in the manufacture and sale of buzzer and sounder products for alarm sounds, FOSTEX brand products, as well as the provision of logistics services.
FOSTER ELECTRIC COMPANY, LIMITED 
