Kyocera to acquire Optrex corporation

Kyocera Corporation has completed a share transfer agreement with three investment funds operated by Japan Industrial Partners, to acquire all shares of Optrex Corporation, a specialized manufacturer of liquid crystal displays (LCDs) and related products.

The acquisition will be effective from February 1, 2012, thereafter Optrex will become a wholly-owned subsidiary of Kyocera.

Demand for LCDs used in industrial equipment and automotive applications is expected to steadily increase and the expanding market for capacitive touchscreen panels used in high value-added products such as smartphones and tablet computers is expected to see continued high-growth in the coming years.

This acquisition will lead Kyocera to further expand its LCD and touchscreen panel business and to meet a wider range of customer needs, said the company.