Seiko sells nanotechnology division to Hitachi

22-Aug-2013 - Germany

Seiko Instruments Inc. announces that it has reached a basic agreement with Hitachi High-Technologies Corporation to transfer all shares of SII’s wholly owned subsidiary SII NanoTechnology Inc. to Hitachi High-Tech. On condition of approval by the regulatory authorities, the parties plan to conclude a share transfer agreement with the aim of transferring the stock in the fall of this year. As a consequence of this move, three subsidiaries of SII NanoTech (Epolead Service Inc., SII NanoTechnology USA Inc., and SII NanoTechnology (Shanghai) Inc.) will also be transferred.

Other news from the department business & finance

Most read news

More news from our other portals

Discover the latest developments in battery technology!