3/6/2003 - Anritsu Corporation, the parent company of Anritsu Company, will purchase 500,000 shares of Nissho Electronics as part of a special offering to be conducted by Nissho Electronics on February 20, 2003. With the purchase, worth an estimated $4.7 million, Anritsu will hold a 2% ownership stake in Nissho Electronics, one of Japanˇ¦s leading distributors and system integrators. As part of the transaction, the two companies agree to partner in the development of IP communications and network solutions.
Anritsu and Nissho Electronics will leverage their relationship to develop IP measurement solutions for advanced IP applications, as well as Voice Over IP (VoIP) and network security technology. The companies also plan to cross-sell IP products in Japan, co-develop IP network services, and co-expand the Chinese market.
Anritsu and Nissho Electronics originally worked together to establish Fusion Communications Corporation in 2000. Fusion Communications is a leading Japanese carrier that provides voice, data, and Internet access services.
Anritsu Company has locations throughout the United States, as well as in Canada. The companyˇ¦s North and South American customer operations are headquartered in Richardson, TX, and it also has sales, marketing, and manufacturing facilities in Morgan Hill, CA. Regional offices are located in New Jersey and Ontario.
Established in 1985, Nissho Electronics USA Corporation has offices in Santa Clara, CA and New York. The company supports large American IT corporations, venture capital concerns, universities, and other research institutions, and acts as a gateway for new technologies entering the Japanese market.
Anritsu Company is a subsidiary of Anritsu Corporation. Founded more than a century ago, Anritsu Corporation has 4,000 employees in over 18 countries worldwide and is one of the worldˇ¦s largest providers of communications test and measurement solutions. For more information, call (800) Anritsu or visit us on the Web at www.us.anritsu.com
Electronics Corporation Since its inception in 1969, Nissho Electronics Corporation has provided best-in-breed technology products and services from around the world to the Japanese market. As one of Japanˇ¦s leading distributors and system integrators, Nissho Electronics handles various products and services from over a hundred business partners in the fields of information technology, telecommunications, semiconductors and electronics. With nearly 800 staff, 16 offices throughout Japan and 2 offices in the US for efficient international communications, Nissho Electronics can support all its customers on-site, 24 hours a day, 365 days a year. For more information, please visit www.nelco.com, or call 408-969-9700 (Santa Clara HQ) or 212-681-9060 (New York office).
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