Date: 08/11/2008

Ongoing Panasonic and Sanyo's merger to bring new energy technologies

Japan based consumer electronics joints Panasonic Corp. and Sanyo Electric Co are actively engaged in merger talks to create Asia's biggest consumer-electronics company.

In a joint press statement, both the companies said their respective boards had agreed to establish a working group to discuss a capital and business alliance.

In the energy business domain, both Panasonic and SANYO will be able to utilize their complementary technology by cooperating with each other in order for both companies to contribute to the development of the rechargeable battery market as well as its provision of global sales networks in order to expand SANYO's solar and energy businesses. In the electronics business domain and the ecology business domain, both companies will expand the range of products and mutually utilize each other's sales channels, in each of the digital, commercial, device and white goods businesses included in these domains.

The battery dependent technologies from this combination might create some new interesting markets in automotive and consumer space.