Deals

GE teams up with SoftBank on machine-to-machine data analysis

TOKYO -- General Electric is bringing its machine-to-machine data analysis services to Japan and the greater Asia-Pacific region in partnership with the SoftBank group. In M2M, machines and instruments are networked together so that they can shar...

  • Japanese corporate buyers find India's rumor mill costly

    TOKYO --"India is a world of rumors." So said Tsutomu Une in a conversation at a New Delhi hotel in September 2011. At that time, Une was serving as chairman of Ranbaxy, the Indian subsidiary of Japanese drugmaker Daiichi Sankyo, where he was also a...

  • Nifco to buy German autoparts supplier KTW

    TOKYO -- Japanese autoparts manufacturer Nifco will acquire German peer KTW to increase its dealings with European automakers. The two companies are expected to reach an agreement on Tuesday. Under the deal, Nifco will likely buy all shares in KT...

  • Orix to buy precious metal recycler

    TOKYO -- Japanese leasing giant Orix will acquire precious metal recycler Net Japan for an estimated 20 billion yen ($192 million), with plans to tap its own sales network to expand the business. An announcement will likely come on Tuesday. Orix ...

  • Mitsubishi, Tata Consultancy to merge IT operations in Japan

    TOKYO -- Mitsubishi Corp. and India's Tata Consultancy Services plan to combine IT services businesses in Japan. Three companies tied to the Japanese trading house and the Indian provider of information technology services will integrate by July....

  • Nippon Signal lands order for rail fare system in Vietnam

    TOKYO -- Railway signal manufacturer Nippon Signal has won a Vietnamese order for an automated fare collection system for a new urban rail line. The order is for noncontact smart cards, fare-collecting equipment and station computers for processi...

  • Angel investor helping Japan startups take flight in Texas

    TOKYO -- Acquiring a company that has a unique business model or technology is a common way for bigger businesses to stay innovative. In Japan, however, high hurdles to launching a tech startup mean big companies tend to hold onto stacks of cash inst...

  • Japan's Tomy, China's Huawei Technology to jointly develop toys

    SHENZHEN, China -- Tomy, a leading Japanese toymaker, said Friday that it will collaborate with major Chinese counterpart Huawei Technology to develop and sell toys in China. The duo will develop inexpensive offerings suitable for the Chinese mar...

  • Indonesian utility taps Chinese partner for natural gas project

    JAKARTA -- State-owned power provider PLN (Persero) will partner with a Chinese company and others in a project that involves compressing natural gas and shipping it for use at a power plant. PLN will invest $140 million to build, operate and mai...

  • Japan to become catalyst for Myanmar stock exchange project

    TOKYO -- Japan Exchange Group and Daiwa Securities Group will invest several billion yen in a stock exchange being planned in Myanmar, providing broad support for creating capital markets in that country. The duo is working with the Myanmar gover...

  • Hitachi Zosen lands deal for Indian waste-to-energy plant

    OSAKA -- Hitachi Zosen has become the first Japanese company to win an order from India for a garbage incinerator, with local components helping to cut the price to 10% as much as in Japan. Work on the waste-to-energy plant, which will supply ele...

  • Sony unit sells off holdings in game developer Square Enix

    TOKYO -- Sony announced Wednesday that subsidiary Sony Computer Entertainment has sold its entire interest in game software developer Square Enix Holdings to SMBC Nikko Securities. The roughly 4.8 billion yen ($46.5 million) capital gain on the s...

  • Sumitomo Mitsui to tie up with Taiwan research institute

    TOKYO -- Sumitomo Mitsui Banking will gather information about Taiwanese technology companies under a partnership with a local research institute to help small and midsize Japanese corporations move into Taiwan. Taiwan's Industrial Technology Res...

  • Imax to up China screen count on investment from local funds

    NEW YORK -- Canadian big-screen movie theater operator Imax will sell a stake in its Chinese subsidiary to two local investments funds to pave the way for further expansion in China. Imax hopes the deal will allow the subsidiary to procure funds on i...

  • Fujitsu, Panasonic to merge chip design operations this fall

    TOKYO -- Fujitsu and Panasonic have agreed to establish a new company as soon as this fall to unify their design and development operations for systems chips. In February of last year, the two Japanese companies announced plans to merge these ope...

  • Chinese buying Israeli firms, seeking new tech

    DALIAN, China -- Chinese companies are taking over Israeli companies to benefit from their technologies, following in the footsteps of Intel and Microsoft of the U.S., which have in the past bought up Israeli startups to acquire ideas for new busines...

  • Thai plastic resin maker Indorama buys Turkish peer

    BANGKOK -- Thailand's Indorama Ventures, the world's leading maker of the resin used in plastic bottles, is buying its way into Turkey. Indorama, the top producer of polyethylene terephthalate resin, or PET, announced Thursday that it is acquirin...

  • Sumitomo joins Spain's Cepsa in Chinese phenol venture

    TOKYO -- Japanese trading house Sumitomo and Spain's Cepsa group are partnering on what will be one of China's biggest factories for phenol, a raw material for high-grade plastics used in cars and electronics. Work is already underway on the plan...

  • Aeon buys Sony e-money subsidiary

    TOKYO -- To help broaden the use of its Waon e-money, Aeon has acquired a Sony subsidiary that provides auxiliary services. The retailing giant acquired FeliCa Pocket Marketing at the end of March, reportedly paying several hundred million yen fo...

  • Asahi to purchase Malaysia's Etika Dairies

    TOKYO -- Having taken over soft-drink manufacturers in Southeast Asia, Asahi Group Holdings will move into a new field by acquiring Malaysia's Etika Dairies by June. The Japanese company plans to turn Malaysia's second-ranked dairy company into a...