10 Major Security Mergers and Acquisitions From 2019

Panasonic Reaches Deal With PE Firm to Spinoff Security Division

Panasonic Corp. reached an agreement with Tokyo-based Polaris Capital Group in June to establish a new company that will operate its security systems business in Japan, the United States and internationally. Under terms of the agreement, Polaris Capital Group will acquire 80% of the outstanding shares of the company to be newly established by Panasonic to succeed the Security Systems Business. Read the story.