Sharp completes acquisition of Toshiba PC Unit

Sharp completes acquisition of Toshiba PC Unit

Toshiba Client Solutions (TCS) has become a member of Sharp group, following the completion of the transfer of 80.1% of its stock from Toshiba Corporation to Sharp Corporation.

Closure of the transaction follows an announcement by Toshiba and Sharp on June 5 this year, and positions TCS to make a new beginning and promote its business with the full resources and support of Sharp group.

Sharp has said it will take an 80.1 percent stake in Toshiba’s PC unit on Oct. 1, and will retain its Dynabook brand.

Towards promoting early business expansion, ensuring effective and timely decision making in the intricate, and fast changing ICT market, and to promote close relations and strong synergies with Sharp, TCS has put in place a new management team. Yoshihisa Ishida, the Vice President of Sharp, joins the company as its new Chairman. Kiyofumi Kakudo, who has guided TCS’s recent revival, retains his position as President and CEO.

As a result, Toshiba will deploy its time-tested expertise in engineering and product development, quality, and service support within the context of Sharp’s growth strategies, Sharp 8K and AIoT strategy. Drawing on Sharp’s world class technology portfolio, and strengths in procurement and sales, TCS aims to maximize synergy with its new parent, and is committed to delivering even more excellent products, solutions, and services that meet customer needs and demands.