Japan. With the purchase of the majority shares of SANYO Electric Co. Ltd by Panasonic, the first company becomes a consolidated subsidiary of the second and its operations will be carried out as a company of the new Panasonic Group.This conglomerate aims to leverage the synergies and knowledge in technology and processes that both companies have acquired over the years, which will support Pansonic's purpose of becoming an innovative environmental company in the electronics industry.
Panasonic Group hopes to achieve this task by 2018, when the company's 100th anniversary is celebrated. The new conglomerate's strategies will be presented during the company's next fiscal year.
