KYOCERA to acquire a 94% stake in Showa Optronics from NEC.

KYOCERA, a manufacturer of ceramics, is set to acquire a 94% stake in Showa Optronics, an optical components manufacturer from NEC, a Japanese multinational information technology and electronics company. Financial terms were not disclosed. In acquiring SOC as a subsidiary, Kyocera aims to become a leading optical components company by expanding its new product offerings in the laser market, maximizing synergies through both companies’ combined technologies, and utilizing Kyocera’s worldwide sales network and production facilities to further expand its optical components businesses.