Agreement Reached to Transfer NEC's Magneto-resistance Sensor Business to Murata
Tokyo, Feb 1, 2013 - (JCN Newswire) - NEC Corporation (NEC; TSE: 6701) and
Murata Manufacturing Co., Ltd. (Murata; TSE:6981) reached an agreement to
transfer the magneto-resistance (MR) sensor business of NEC and NEC Yamanashi,
Ltd. (NEC Yamanashi), a wholly owned NEC subsidiary, to Murata. Under the
agreement, the transfer is scheduled to be complete by June 1, 2013.
NEC's MR sensor products are valued for their performance and technical
support and are used for a wide range of purposes that include the detection of
when mobile phones and laptop PCs are opened or closed and devices that detect
the volume of fluid to water heaters, water meters and gas meters.
Murata supplies magnetic identification sensors for currency, magnetic ink and
magnetic card ink, as well as rotation sensors used in office and factory
equipment. Murata is also pursuing new magnetic sensing technologies in order
to expand its business in the industrial equipment, automotive and consumer
As a result of the MR sensor business transfer, Murata will be able to
integrate NEC's MR sensor business technology assets and expertise with
its own technologies and broad customer base from the electronic components
business. Furthermore, the company will be able to reinforce its initiatives in
the expanding MR sensor segment of the consumer products and industrial
This business transfer is expected to have minimal influence on the
consolidated financial results of both companies.
About Murata Manufacturing
Murata Manufacturing Co., Ltd. is a worldwide leader in the design,
manufacture and sale of ceramic-based passive electronic components &
solutions, communication modules and power supply modules. Murata is committed
to the development of advanced electronic materials and leading edge,
multi-functional, high-density modules. The company has employees and
manufacturing facilities throughout the world. For more information, visit
Murata's website at http://www.murata.com/.
About Fujitsu Limited
Fujitsu is the leading Japanese information and communication technology (ICT)
company offering a full range of technology products, solutions and services.
Over 170,000 Fujitsu people support customers in more than 100 countries. We
use our experience and the power of ICT to shape the future of society with our
customers. Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.5
trillion yen (US$54 billion) for the fiscal year ended March 31, 2012. For more
information, please see www.fujitsu.com.
Murata Manufacturing Co., Ltd.
Corporate Communications Department
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