Tektronix completes acquisition of Sony/Tektronix

Tektronix, Inc, an innovator of test, measurement and monitoring equipment, has announced that it has finalized the acquisition to obtain Sony's interest in its Japanese joint venture, Sony/Tektronix. The new company, now solely owned by Tektronix, Inc, would conduct business as Tektronix Japan Ltd.

For more than 35 years, Sony/Tektronix was an integral part of Tektronix' global strategy and a large contributor to the success of the organization. This acquisition enhances Tektronix' ability to address the Japanese market over the long term, enabling the company to leverage engineering resources and to distribute products from Japan globally.

Concurrent with the close of the transaction, Tektronix Japan finalized a credit facility for Yen 9 billion, which would be used to fund the redemption of shares from Sony and provide operating capital for Tektronix Japan.

Cyber News Service