Panasonic Digging Into Energy Technology [Panasonic Buys Out Sanyo and Panasonic Electric Works for $9.4 Billion]

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Panasonic is thinking ahead and may soon be a player in the energy technology segment. This may happen soon after report of Panasonic buying out Sanyo and Panasonic Electric Works cropped up for a reported $9.4 billion.

Sanyo is best known for being the largest lithium-ion rechargeable battery producer which includes a rapidly growing solar panel manufacturing arm. Just last year, Panasonic acquired a 50.27% share of Sanyo for $4.4 billion.

As for Panasonic Electric Works, they are known to produce a wide variety of electrical products that include temperature, lighting and motion sensors and controls.

With the two new acquisitions, Panasonic now adds another product line under their wing. To date, Panasonic has been known to manufacture and distribute Plasma TVs, cameras and popular consumer electronic products.

With the addition of the energy technology line, Panasonic is making sure that they are on track in its goal to be the number 1 green innovation company in the electronics industry by 2018.

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