Juki and Sony join hands to come up with a new SMT company

JUKI Corporation and Sony Corporation today announced to have signed a legally non-binding memorandum of integrating surface mount technology (SMT) equipment and related businesses of JUKI and Sony EMCS Corporation, a wholly owned subsidiary of Sony.

The newly established company is intended to strengthen the competitiveness of each company’s respective SMT equipment and related businesses. This new company is expected to be established by capital injection from JUKI and Sony, respectively, with JUKI holding more than two thirds of the total shares.

JUKI and Sony will continue further discussions with the aim of entering into a legally binding definitive agreement and proceeding with this business integration by the end of September, 2013.