Deals

Minebea's weight sensors are used in heavy machinery such as cranes.

Industrial scales

Minebea, Development Bank of Japan to acquire German company for $125M

TOKYO -- Minebea is partnering with Development Bank of Japan to acquire German industrial-scale giant Sartorius Mechatronics T&H, the industrial technology unit of Sartorius, in an investment expected to total just under 15 billion yen ($125 million...

  • Vying for Osaka's airports

    Big foreign players pass initial phase

    OSAKA -- Several overseas companies, including the operator of Singapore's Changi Airport, may participate in bidding for rights to run the two main hubs for flights into the Osaka area -- Kansai Airport and Osaka International Airport. The pack...

  • Settlement reached

    SK Hynix to pay Toshiba $278M in flash memory suit

    TOKYO -- Toshiba announced Friday that it has reached a settlement in its lawsuit against SK Hynix, in which it had charged that the South Korean company had wrongfully acquired its NAND flash memory technology. Under the agreement, SK Hynix will...

  • Shrinking domestic demand

    Oil market duopoly looms in Japan

    TOKYO -- Idemitsu Kosan's planned acquisition of Showa Shell Sekiyu would leave the oil industry in Japan with two dominant players -- the other being JX Nippon Oil & Energy -- and could spur further consolidation. Japan's five major oil distribu...

  • TUF's growth strategy

    Thai tuna king swallows another household name

    BANGKOK -- Having grown stupendously, albeit mostly unbeknownst to consumers, as a processor of canned tuna, Thai Union Frozen Products is continuing efforts to become a purveyor of name-brand fish in its own right. The world's biggest producer o...

  • Toyota group restructuring

    Aisin Seiki to subsume Shiroki, Toyota Boshoku to be seat king

    NAGOYA -- Restructuring of the Toyota group has shifted into higher gear. The latest step came Friday, with the announcement that Aisin Seiki and Shiroki will transfer their seat frame component businesses to Toyota Boshoku, and that during 2016 ...

  • Japan's oil industry shake-up

    Idemitsu in talks to buy Showa Shell

    TOKYO -- Japan's second-ranked oil distributor, Idemitsu Kosan, is in the final stages of talks to acquire No. 5 player Showa Shell Sekiyu in an estimated 500 billion yen ($4.1 billion) deal. Idemitsu seeks to turn Showa Shell into a subsidiary b...

  • Line branches out

    Japanese chat app provider to buy Microsoft's music streaming service

    TOKYO -- Japanese messaging app developer Line announced Friday it will buy Microsoft's MixRadio music streaming service for an undisclosed amount. The acquisition is expected to be completed in early 2015. Line plans to launch a music streaming ...

  • Keppel Land shares up

    Singapore property company buoyed by takeover

    SINGAPORE -- Shares in Keppel Land are trading higher here Friday, after the Singaporean property developer announced the previous day it will acquire a 75% stake in Array Real Estate, the subsidiary of a Hong Kong-based developer and manager of shop...

  • Keppel Land expansion

    Singapore developer looks to grow property empire in Asia

    SINGAPORE -- Singapore's Keppel Land, a real estate developer and a subsidiary of Keppel Corp., is acquiring a 75% stake in retail management company Array Real Estate. Through the acquisition, Keppel Land will work with Array to expand its portfolio...

  • Thai materials giant's global shift

    Siam Cement invests in Norway, Indonesia firms

    BANGKOK -- Siam Cement, Thailand's largest materials conglomerate, announced on Thursday the acquisitions of two overseas companies, a Norwegian R&D firm and an Indonesian packaging company. "These investments reflect the determination of Siam Ce...

  • TUF expanding in US

    Thai tuna giant buys Bumble Bee for $1.51B

    BANGKOK -- Thai Union Frozen Products, the world's largest canned tuna producer, has agreed to acquire a 100% stake in U.S. peer Bumble Bee Seafoods for $1.51 billion from a U.S. private equity company. The takeover will boost TUF's revenue by 25%, b...

  • Maps and apps

    China's Baidu investing in Uber to tackle mobile challenge

    BEIJING -- Chinese search engine leader Baidu has announced that it will invest in Uber Technologies, the U.S.-based provider of the Uber mobile ride-sharing app. Uber will take advantage of Baidu's mobile map and search functionality to make its...

  • Law firms in Japan

    Anderson Mori to merge with Bingham

    TOKYO -- Anderson Mori & Tomotsune, Japan's fifth-largest law firm, plans to merge with Bingham McCutchen's smaller Tokyo office next April, creating the second-biggest legal practice in the country. The firms will announce their move Friday. Tog...

  • Rizal share sale

    Taiwan's Cathay Financial buys 20% stake in Philippine lender

    MANILA -- Taiwan's Cathay Financial Holding has purchased a 20% interest in Rizal Commercial Banking (RCBC) for 17.92 billion Philippine pesos ($402 million). The transaction was made through subsidiary Cathay Life Insurance, which bought 280 mil...

  • Indonesian port project

    Mitsui, Singaporean company to build port in Jakarta

    TOKYO -- Mitsui & Co. is partnering with Singapore's PSA International, the world's largest port operator, to construct and operate a port in the Indonesian capital of Jakarta. The facility will be built and operated by a newly created joint vent...

  • Deal with Sony

    Tencent adds Bob Dylan, Daft Punk to playlist

    GUANGZHOU, China -- Chinese Internet services giant Tencent Holdings has added songs from the Sony Music Entertainment catalog to its online music streaming service. The partnership, announced on the Tencent website, puts the music of SME artists...

  • Taking the initiative

    Hitachi, ABB announce power transmission tie-up in Japan

    TOKYO -- Hitachi and ABB will form a Japanese joint venture to offer efficient electricity transmission solutions, the companies said Tuesday, eyeing growth in demand for long-distance transmission as power-sector deregulation looms. "In the futu...

  • Investing in India

    SoftBank to buy into real estate portal operator

    TOKYO -- SoftBank on Tuesday announced that it will take a stake in Indian real estate Web portal operator Locon Solutions through a U.S. subsidiary. SoftBank Internet and Media will lead an investment of $90 million in the Indian company along w...

  • Nursing care

    France Bed brings electric beds to Chinese rental market

    BEIJING -- France Bed Holdings has started selling electric-powered adjustable beds for home nursing care in China, targeting local rental companies. As a first step, the Japanese company has sold 25 such beds to a Beijing senior home operator th...