Japan's Canon to take full control

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Japan's Canon to take full control of Niigata Canotec
, 10.15.04, 10:37 AM ET

AFX News Limited

TOKYO (AFX) - Canon Inc, Japan's leading maker of digital camera and copiers, said it has decided to take full control of Niigata Canotec Co Inc, a software developer for printers, by acquiring the 32.5 pct stake held by Canon Sales Co Ltd.

Financial terms of the transaction were not disclosed.

Canon already owns 67.5 pct of Niigata Canotec.

The full consolidation will take place after January 1, 2005, it said.

Niitaga Canotec, with 183 workers, posted revenue of 2.8 bln yen in 2003.

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10/15/0410:47 PM

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