Sony to sell battery business to Murata Manufacturing

Sony plans to transfer its lossmaking battery business to Murata Manufacturing, one of the biggest Apple suppliers, in a deal that can enhance the competitive edge in the communications market.

Facing the stagnant smartphone market, Sony plans to sell off portions of its battery business to Murata Manufacturing. Both of the parties agrred to sign a binding, definitive agreement by October and complete the tranfer by March 2017.

The tranfer includes the battery business conducted by Sony Energy Devices Corperation, Sony Energy's headquarters located in Japan, the factories in China and Singapore, and asserts and personnel assigned to battery business at the Sony Group's sales and R&D sites from Japan and the world.

Sony will stil keep retail branded battery business on some types of batteries. And it hopes to put more efforts on the gaming business and plans to go back into the robotics market.

Murata, for its part, aims to regard the global battery business as the core of its energy business after the purchase. It will also intends to enhande the competitive edge in the communications market, and exploit the market of electric vehicles, healthcare energy.