Tektronix completes acquisition of Sony/Tektronix

Tektronix 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 nine billion, which would be used to fund the  redemption of shares from Sony and provide operating capital for Tektronix
Japan.

(CNS)