Deals
Panasonic Said to Discuss Acquiring Headlight Manufacturer ZKW
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Panasonic Corp. is in discussions to buy Austrian headlight manufacturer ZKW Group GmbH, a person familiar with the matter said, becoming the latest major electronics manufacturer to branch out into auto parts.
The deal amount hasn’t been decided and it’s not clear whether and when the deal will be announced, said the person, who asked not be identified because the negotiations are private. The Nikkei newspaper earlier reported the headlight maker could be worth as much as 100 billion yen ($880 million), without citing names. Hitomi Ishikawa, a spokeswoman for Osaka-based Panasonic, declined to comment.