Japanese electronics retailer Nojima is planning to buy Hitachi's consumer appliances unit Hitachi Global Life Solutions for more than 100 billion yen (S$800 million), the Nikkei newspaper reported on Tuesday (April 21).Under the agreement, Nojima will buy at least a majority of shares in the unit, which handles the conglomerate's white goods businesses in Japan, the report said, adding that the deal will be announced soon.Hitachi is expected to retain some of its shares in the unit.The acquisition, which according to Nikkei is Nojima's largest ever, is expected to boost the company's product development capabilities.[[nid:734016]]

The logo of Nojima, an electronics retail company, is displayed at the entrance of their store in Fujisawa, south of Tokyo, Japan on July 30, 2020.

Japan

Acquisitions

Consumer electronics

Electronics

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Reuters

Japanese electronics retailer Nojima is planning to buy Hitachi's consumer appliances unit Hitachi Global Life Solutions for more than 100 billion yen (S$800 million), the Nikkei newspaper reported on Tuesday (April 21).Under the agreement, Nojima will buy at least a majority of shares in the unit, which handles the conglomerate's white goods businesses in Japan, the report said, adding that...

Nojima to buy Hitachi's consumer appliances unit for more than $800.9m: Report