Competition is tough around the world. Sony Corp said that it has agreed to sell a portion of its battery business to Murata Manufacturing Co Ltd. This comes amidst the slow demands for Sony’s smartphones.
Sony is focusing on its gaming business and is preparing for the upcoming launch of its virtual reality headset. It also plans to re-enter the robotics industry a decade after it last left that business.
Sony said the agreement involved selling the battery business of its subsidiary Sony Energy Devices Corp, which makes lithium-ion polymer batteries used in smartphones, tablets and digital cameras, and lithium-ion rechargeable batteries.
Murata said it hoped that acquiring Sony’s battery operations would give the Japanese company an edge in the communications market. In addition to that, this acquisition will help the company expand in automotive, healthcare and energy markets.
“Murata intends to position the global battery business as a core operation within its energy business in order to target further business growth and expansion,” the company said.