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ONKYO KUPIO PIONEER AV DIVISION

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Onkyo takes the AV division of Pioneer. After a corresponding resolution was passed in June, which should be completed even with the involvement of a financial investor, the assumption is now made directly between Pioneer and Onkyo. Onkyo will acquire 100% the "Home Pioneer Electronics Corporation" and the "Pioneer Corporation" will enter with a minority stake in Onkyo. The sale includes the Divisions Home AV, headphone and phones. Both companies hope to gain by integrating competitive advantage through cost savings and maximizing synergies. After taking over the business from both Onkyo and Pioneer will continue to be continued under its own brand name.



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Onkyo takes the AV division of Pioneer. After a corresponding resolution was passed in June, which should be completed even with the involvement of a financial investor, the assumption is now made directly between Pioneer and Onkyo. Onkyo will acquire 100% the "Home Pioneer Electronics Corporation" and the "Pioneer Corporation" will enter with a minority stake in Onkyo. The sale includes the Divisions Home AV, headphone and phones. Both companies hope to gain by integrating competitive advantage through cost savings and maximizing synergies. After taking over the business from both Onkyo and Pioneer will continue to be continued under its own brand name.

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