Furuno Electric Co., Ltd. acquired additional 21.5% stake in Electronic Navigation Ltd.
July 29, 2018
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Furuno Electric Co., Ltd. (TSE:6814) acquired additional 21.5% stake in Electronic Navigation Ltd. on July 30, 2018. Pre deal, Furuno Electric Co., Ltd. owned 29.5% and post deal, it will hold 51% stake in Electronic Navigation Ltd.
Furuno Electric Co., Ltd. (TSE:6814) completed the acquisition of additional 21.5% stake in Electronic Navigation Ltd. on July 30, 2018.
Furuno Electric Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of marine electronic devices and industrial electronic devices based on sensor technology centered on ultrasonic waves and electromagnetic waves. The Company operates through three business segments. The Marine Business segment is engaged in the manufacture and sale of navigation equipment, fishing equipment, wireless communication equipment and others. The Industrial Business segment is engaged in the provision of medical equipment, intelligent transportation systems (ITS) equipment, global positioning system (GPS) equipment and aircraft electronics. The Wireless Local Area Network (LAN)/Handy Terminal Business segment is mainly engaged in the manufacture and sale of wireless LAN systems and handy terminals. The Company is also engaged in the electromagnetic environment test business, and digital communication business for the shipping industry.
FURUNO ELECTRIC CO., LTD. 
