Tokyo Electron Device Limited (JP:2760) has released an update.
Tokyo Electron Device Limited has announced a strategic absorption-type merger with its wholly owned subsidiary, FAST CORPORATION, to take effect on January 1, 2025. The merger aims to centralize technological development and enhance management efficiency by integrating advanced image processing and robotics capabilities gained from FAST CORPORATION since its acquisition in 2018. This move is set to streamline the company’s operations without changing its name, address, representative, business description, or fiscal year-end.
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