Anritsu Corp. (Industry News).(buys shares of Nissho Electronics)(Brief Article)

Microwave Journal, April, 2003

Anritsu Corp., the parent company of Anritsu Co., will purchase 500,000 shares of Nissho Electronics as part of a special offering to be conducted by Nissho Electronics. With the purchase, worth an estimated $4.7 M, Anritsu will hold a two percent ownership stake in Nissho Electronics. As part of the transaction, the two companies have agreed to partner in the development of IP communications and network solutions.

The companies will leverage their relationship to develop IP measurement solutions for advanced IP applications, as well as Voice Over IP 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.