Noritsu, a processing machine manufacturer, agreed to acquire AlphaTheta, a manufacturer of sound and video products, formerly known as Pioneer DJ, from KKR and Pioneer, a Japanese multinational corporation, for $325m. The transaction is expected to close in early April 2020. “We are proud to have worked with the management team and employees of Pioneer DJ, now AlphaTheta, to assist the business’ growth in key global markets and to accelerate the company’s migration towards a software-subscription model to align with emerging industry trends – all as a standalone company,” Hiro Hirano, KKR Asia Pacific Co-Head of Private Equity and KKR Japan CEO.