TOKYO, Japan, January 8, 2010 - Mori Seiki Co., Ltd. ("Mori Seiki"), Sony Corporation ("Sony") and Sony Manufacturing Systems Corporation ("SMS"), a 100% subsidiary of Sony, today announced that they have signed a definitive agreement to sell the measuring systems (Magnescale, Laserscale and digital gauge) business of SMS, primarily operated at SMS' Isehara Plant, together with related manufacturing and sales businesses in other Sony subsidiaries, to Mori Seiki.
After completion of the transaction, a new entity engaging in the measuring systems business divested from SMS is expected to become a wholly owned and consolidated subsidiary of Mori Seiki as of the end of March 2010, subject to receipt of any necessary government approvals.