Consolidation Continues: Panasonic To Buy Sanyo

July 30, 2010

On Wednesday this week, Panasonic announced its intentions to purchase remaining shares of Sanyo Electric Co and Panasonic Electric Works (PEW). Panasonic already had a 50% stake in Sanyo as of last year. Sanyo is a big player in the solar market and producer of lithium-ion batteries.

Reprinted from Renewable Energy World