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Panasonic Forms New Automotive & Industrial Systems Company in Europe

Panasonic Forms New Automotive  Industrial Systems Company in Europe Panasonic Europe currently announces a finalization of a Automotive
Industrial Systems Company formation. Panasonic Automotive Industrial
Systems Company Europe (PAISEU), headed by Dr. Wilhelm Steger as
President given a commencement of this year, has been combined to
centralise a company’s business-to-business plan within Europe and
drive income within a automotive and industrial sectors. Steger has
the financial idea to double revenues by FY2018 (31 Mar 2019), the
company’s 100th anniversary, formed on a formula of a last
financial year.

The arrangement of PAISEU brings together a before apart legal
entities of Panasonic Automotive Systems Europe, Sanyo Components
Europe, Panasonic Industrial Devices Sales Europe, and – as a subsidiary
and still apart authorised entity – Panasonic Electric Works (PEW) Europe.

The vicinity and tighten relations to vast corporate business and
OEMs in Europe will be offer reflected in trend environment RD projects
for a industrial and automotive sectors. PAISEU builds on the
innovation strength and attention care of a Panasonic
Corporation*, a cranky association synergy effects and worker talent of
all 4 corner adult companies. The new solutions will offer Panasonic AIS
trade and new partners in Europe with a wider spectrum of individual
customer-oriented offerings and services.

The arrangement of PAISEU – including a auxiliary PEW – will emanate a
business with some-more than 1250 employees in Germany and several thousands
in Europe. It follows a tellurian Panasonic proclamation in Apr 2013 of
the origination of a tellurian four-company structure handling underneath four
distinct organisations: Automotive Industrial Systems, Eco Solutions,
Appliances and AVC Networks.

Laurent Abadie, Chairman and CEO, Panasonic Europe commented: “The
automotive and industrial sectors are pivotal expansion markets for Panasonic
in Europe. The clever concentration of a association into new and existing
business-to-business markets is a outrageous step for Panasonic Europe. The
formation of PAISEU enables us to offer rise and offer innovative
solutions to these markets. We have already demonstrated that our
expertise is forlorn in areas such as battery technologies for
industrial customers, automobile manufacturers and within a home. Small but
key components and inclination from Panasonic also offer modules and systems
of heading manufacturers all over a universe since a big
manufacturing machines keep productions of tellurian companies running.
And a automotive business is quite clever in in-car
entertainment, appetite and pushing assistance solutions. From an overall
European Panasonic business perspective, a clever code recognition and
expertise in a consumer business complements effectively Panasonic’s
activities in a PAISEU patron segments. we am assured that we will
see PAISEU make a poignant and clever impact to Panasonic’s business
in Europe in a months and years to come.”

Dr Wilhelm Steger, President of Panasonic Automotive Industrial
Systems Europe, added: “With today’s final step of coronation of
PAISEU, we are means to mix rarely modernized technologies with the
expertise of a employees from opposite a 4 combined businesses.
As a result, we will be providing and building new technologies and
solutions that operation from particular components to end-to-end modules
and systems. The arrangement of PAISEU demonstrates a long-term
commitment to this sector, while aiming to be recognized as a most
suitable business partner for a customers.”

Panasonic Automotive Industrial Systems Company Europe, determined on
1st Oct 2014, will be partial of Panasonic’s global
Automotive Industrial Systems (AIS) Company and particular reported

*according to WIPO (World Intellectual Property Office) 2013 results,
published Mar 2014

Panasonic Automotive Industrial Systems Company Global Site: http://panasonic.net/ais/

SOURCE: BUSINESS WIRE. ©2014 Business Wire

©2014 Business Wire

Article source: http://www.broadwayworld.com/bwwgeeks/article/Panasonic-Forms-New-Automotive-Industrial-Systems-Company-in-Europe-20141001

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