Innolux subsidiary buys Pioneer Corp. for $1.1 billion
Pioneer recorded revenue of JPY240 billion in the fiscal year ended March 2024
CarUX, a provider of smart cockpit solutions and a subsidiary of Taiwan-based display maker Innolux Corp., has announced that it will acquire Japan’s Pioneer Corporation in a deal valued at ¥163.6 billion (approximately $1.1 billion), as reported by Reuters. CarUX stated it has entered into a definitive agreement with global investment firm EQT to acquire a 100% stake in Pioneer.
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