We are pleased to announce that Noritsu America Corporation (“Noritsu”) has divested Lucidiom Inc. (“Lucidiom”) by transferring all of its Lucidiom shares to the present Lucidiom management (the “transaction”).
Noritsu and Lucidiom will ensure that both companies will continue to service their respective customers as they have done to date. This means that Noritsu’s customers will not see any changes that result from the transaction.
Since Noritsu’s acquisition of a majority interest in Lucidiom that took place in December 2009, Noritsu and Lucidiom endeavored to create synergy effects that were of value to our customers. We believe that we achieved a level of success in our strategic activities. Nonetheless, while reviewing the current market trend that changes at a very rapid pace, we have come to the conclusion that, with a view to both company’s further growth, it is time that we constructively separate and chart our own direction towards the next phase of our business.
Noritsu takes this opportunity to thank Lucidiom for their many contributions to Noritsu and sincerely wishes Lucidiom continued growth and success in their future operations.
Noritsu’s goal of pursuing our customer’s ultimate satisfaction shall firmly stay in focus and changes to our progressive services and new products shall be prompted only by the voice of customers.
If you have any questions regarding this press release or Noritsu, please contact your Noritsu Sales representative.
