Dai Nippon Printing Co.,Ltd.
Dai Nippon Printing Co.,Ltd. (hereafter referred to as DNP) and Sony Corporation (hereafter referred to as Sony) have concluded an agreement in which Sony's professional digital photo printer business (excluding the manufacture of printers) shall be transferred to DNP, and announced today the official execution of the business transfer agreement between the two parties. Accompanying the concerned agreement, DNP will establish a working framework in which dye-sublimation print media*
is supplied without interruption throughout the business transfer proceedings to the instant photo printing kiosk and printers for ID photography currently installed by Sony.
Additionally, Sony will continue to maintain its medical-purpose professional printing business.
In the event that the concerned business transfer is subject to receipt of necessary approvals by the regulatory authorities of related governments in countries where the concerned business has a physical presence, and subject to appropriate country consultation with employees, the agreement shall be executed on the condition that such approval is granted. Execution of the transfer of business assets is scheduled for April 1, 2011.
The outline of the agreement is as follows: