DV Hardware bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!

   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
DarkVision Hardware - Daily tech news
October 25, 2016 
Main Menu
News archives

Who's Online
There are currently 85 people online.


Latest Reviews
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset
Lamptron FC-10 SE fan controller
ZOWIE G-TF Rough mousepad
ROCCAT Isku FX gaming keyboard
Prolimatech Magnetic Pin

Follow us

JVC merges with Kenwood

Posted on Wednesday, May 14 2008 @ 03:06:31 CEST by

Home electronics makers JVC and Kenwood announced they will set up a joint holding company called JVC Kenwood Holdings. The firm will focus on car and home audio electronics and will aim to quadruple operating profit in three years.
The new entity, to be called JVC Kenwood Holdings, will aim to quadruple operating profit in three years, the two companies said in a statement. The joint holding company will be created Oct. 1.

The move is the latest stage of a long-running combination plan that underscores the pressure for consolidation as competition intensifies among Japan's crowded field of small to mid-size consumer device makers.

An onslaught of South Korean and Chinese rivals have driven prices lower, and the high investment costs for digital appliances have squeezed profits, JVC and Kenwood said.

Victor, best known for its JVC brand of home electronics goods, and Kenwood, famous for its car audio systems, set share swap terms for the deal to which they agreed in principle last summer.

Under terms of the deal, Victor holders will have the right to two shares in the new holding structure for each Victor share owned, while Kenwood investors will qualify for one share in the new company for each Kenwood share owned.
More info at AP.



DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2016 DM Media Group bvba