JVC Kenwood acquires Totoku's medical imaging display division

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

Started last December, JVC Kenwood has now announced the completion of the purchase process of the medical imaging and manufacturing services division for Car Electronics of Totoku Electric.

Split type operation, that will be effective 1 July of this year, Also includes the purchase of Totoku Nagaoka, group subsidiary.

Totoku Electric currently enjoys a significant share in the manufacturing of high-end LCD displays in Japan and other countries around the world.. Totoku uses its own technology for the design and manufacture of high-definition LCD displays, Also used by other manufacturers for industrial and consumer products.

For your part, The Totoku Nagaoka subsidiary is also dedicated to manufacturing solutions for the automotive market., specifically 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 group's new strategy is to strengthen the professional market and OEM manufacturing in the Car Electronics segment., and that is where the acquisition of said business division of Totoku Electric comes in within an expansion plan planned until 2016.

Totoku, a very 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 to professional monitors, camcorders and projectors, also sharing current sales channels. An immediate result of this strategy is expected for the next year. 2013 (which ends in March 2014).