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Kyocera acquires LCD maker Optrex

Posted: 30 Dec 2011 ?? ?Print Version ?Bookmark and Share

Keywords:LCD manufacturer? touchscreen panels?

Kyocera Corp. has revealed that it has completed a share transfer agreement with three investment funds operated by Japan Industrial Partners Inc. to buy all the shares of Optrex Corp. Optrex is a specialized manufacturer of liquid crystal displays (LCDs) and related products.

The acquisition is believed to strengthen and expand Kyocera's LCD and touchscreen panel business. By February 1, 2012, Optrex will become a wholly-owned subsidiary of Kyocera.

Since 2010, Kyocera has been expanding its capacitive touchscreen panel business and has garnered a good reputation for product quality and features such as thinness, strength and waterproof functionality for use in smartphones. Optrex, on the other hand, has a high level of technical ability in manufacturing LCDs for automotive applications and a strong customer base both inside and outside of Japan. Kyocera expects that the acquisition will allow the company to further enhance the product lines of both its conventional industrial equipment applications and newly acquired automotive applications, and thus contribute to business expansion.

Optrex also possesses excellent production technology for touchscreen panels, thus by effectively combining both companies' product technologies and operating resources including customer bases, Kyocera also expects to further enhance and expand its touchscreen panel business.

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