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KYOCERA Consolidates Wireless Engineering and R&D, Divests From India Subsidiary
Kyocera Wireless India to be acquired by MindTree Ltd., a leading global IT solution provider
September 29, 2009Kyocera Corporation today announced that it has entered into a share transfer agreement with MindTree Ltd. for Kyocera's Bangalore, India-based engineering group company, Kyocera Wireless (India) Pvt. Ltd. (KWI). KWI is a subsidiary of Kyocera Wireless Corp., headquartered in San Diego, California, and is engaged in software development for Kyocera-branded wireless phones for the U.S. market, as well as other research and development activities. MindTree is a leading IT solutions and software provider in India.
The sale follows Kyocera's 2008 acquisition of the global mobile handset business of Sanyo Electric Co., Ltd., in which Kyocera gained approximately 1,700 highly skilled wireless engineers. In April, Kyocera continued the integration of the former Sanyo team by announcing a global reorganization of its telecommunication equipment business unit, which included the consolidation of wireless engineering efforts in Yokohama, Japan; Daito, Japan; and San Diego, California.
Under these circumstances, the sale of KWI further improves Kyocera's cost structure while adding flexibility to its engineering efforts. As far as software development is concerned, Kyocera will share its engineering platform among the group by centralizing core technologies in Japan and efficiently outsourcing peripheral technologies as appropriate. MindTree will become a strategic vendor for Kyocera, providing high-quality engineering resources on a cost-effective, as-needed basis. All of KWI's approximately 600 regular employees will be transferred to MindTree.
“We are pleased to enter into this agreement with MindTree,” said Yasuyuki Yamamoto, General Manager of Kyocera Corporation's Corporate Communication Equipment Group. “This allows Kyocera to improve its cost structure and competitiveness while providing MindTree a strong engineering resource, especially in the field of software for mobile devices.”
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