Sharp merges with Foxconn to boost its business development

This agreement will involve an investment of more than 310 million euros for the Business Solutions division, including Document and Visual, y, In addition, Energy will receive 63 million euros. Sharp will continue to be listed on the Tokyo Stock Exchange, will remain operationally independent and retain its brand.

yes (Foxconn) y Sharp have signed a strategic alliance to merge their activities and accelerate innovation. Both companies commit with this agreement to regain profitability and strengthen operations in order to once again turn Sharp into a leading company in the field of global electronics., ensuring the long-term viability of the company.

“I am very pleased with our decision to sign this strategic alliance and merge the forces of Sharp and Foxconn to accelerate innovation with the spirit of creativity and entrepreneurship of both companies”, explica Kozo Takahashi, Chairman and CEO of Sharp.

This agreement will involve an investment of more than 310 million euros in the Business Solutions division, including Document Solutions and Visual Solutions, y, In addition, the Energy Solutions division will receive 63 million euros. Sharp will continue to be listed on the Tokyo Stock Exchange, will remain operationally independent and retain its brand.

Sharp and Foxconn confident in their future together, since both companies have been working together since 2012. “I am excited about the projects involved in this strategic alliance and I look forward to working with the entire Sharp team.. We want to achieve many successes and I am confident that we will discover Sharp's true potential and that together we will reach very high places.”, comments Terry Gou, founder and CEO of Foxconn.

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