JVC Kenwood acquires totoku's medical imaging displays division

This operation will allow JVC Kenwood to combine its display technologies with its experience in HD display systems, applicable in professional monitors, Camcorders and Projectors, also sharing current sales channels.

Started last December, JVC Kenwood has now announced the completion of the purchase process for the Medical Imaging and Manufacturing Services division for Car Electronics of Totoku Electric.

The Split operation, that will become effective on 1 of July this year, also includes the purchase of Totoku Nagaoka, Subsidiary of the Group.

Totoku Electric currently enjoys an important share in the manufacture of high-end LCD displays in Japan and other countries of the world. Totoku uses proprietary technology for the design and manufacture of high-definition LCD displays, also used by other manufacturers for industrial and consumer products.

For its part, The subsidiary Totoku Nagaoka is also engaged in the manufacture of solutions for the automotive market, in particular in substrate technologies, based on their experience in manufacturing displays for this industry.

Structural reforms

JVC Kenwood has completed the structural reforms that began after the establishment in 2008 of the new group of companies, announced the first positive results in its operating account already in the previous fiscal year and distributed the first dividends in June 2012. Within the new strategy of the group is to promote the professional market and OEM manufacturing in the segment of Car Electronics, and that is where the acquisition of this business division of Totoku Electric comes into within an expansion plan planned until 2016.

Totoku, A well-established brand in the medical imaging market among many other markets, will allow JVC Kenwood to combine its display technologies with its expertise in HD display systems, applicable in professional monitors, Camcorders and Projectors, also sharing current sales channels. An immediate result of this strategy is expected already for the next year 2013 (ending in March 2014).

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