Furuno Electric Co., Ltd. cancelled the acquisition of domestic ETC on-board equipment business from Mitsubishi Heavy Industries Mechatronics Systems, Ltd.
April 18, 2017
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Furuno Electric Co., Ltd. (TSE:6814) concluded a basic agreement to acquire Domestic ETC On-Board Equipment Business from Mitsubishi Heavy Industries Mechatronics Systems, Ltd. on April 19, 2016. As soon as both Furuno Electric and Mitsubishi Heavy Industries Mechatronics Systems agree on the necessary conditions of the business transfer, an official contract will be concluded.
Furuno Electric Co., Ltd. (TSE:6814) cancelled the acquisition of domestic ETC on-board equipment business from Mitsubishi Heavy Industries Mechatronics Systems, Ltd. on April 19, 2017.
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. cancelled the acquisition of domestic ETC on-board equipment business from Mitsubishi Heavy Industries Mechatronics Systems, Ltd.
FURUNO ELECTRIC CO., LTD. 
