Japan Radio Co., Ltd. (JRC) hereby announces that it has entered into a business transfer agreement with Panasonic Connect Co., Ltd. (Panasonic Connect) to acquire the water resources business operated by Panasonic Connect (the municipal water resources business and electric power water resources business, hereinafter collectively referred to as the “Business”).
The transfer of the Business is scheduled to be executed on April 1, 2027, following the completion of the necessary procedures.
To date, JRC has contributed to the development of safe and secure social infrastructure in the fields of disaster prevention/mitigation and river information by providing various monitoring and control systems and communication technologies.
Panasonic Connect, on the other hand, has for many years developed its water resources business, including dam management systems and water-use management systems, and has accumulated strong technological capabilities and a wealth of delivery track records.
Subject to the completion of the necessary procedures, we will proceed with preparations for organizational setup and business transfer in sequence.
Even after the completion of the Business transfer, JRC will place the highest priority on the continuity of existing contracts and services for current customers. JRC will work closely with Panasonic Connect to ensure a smooth and seamless transfer of the Business.
| Company name | Panasonic Connect Co., Ltd. |
| Head office | 8-21-1 Ginza, Chuo-ku, Tokyo, Japan |
| Representative | Takeshi Nishikawa (Representative Director) |
| Established | April 2022 |
| Company name | Japan Radio Co., Ltd. |
| Head office | 4-10-1 Nakano, Nakano-ku, Tokyo, Japan |
| Representative | Kaichiro Sakuma (Representative Director President and Chief Executive Officer) |
| Established | December 1915 |
News Release of Nisshinbo Holdings Inc. on This Matter :
https://www.nisshinbo.co.jp/nish/english/news/pdf/news20261104_1en.pdf