- Buyers Guide
Eudyna/Sumitomo Restructure Business
With effect from 1 August, Sumitomo Electric Industries Ltd. and Eudyna Devices Inc. have reorganised their optical and electronic devices business by way of an absorption-type corporate split. On that date Eudyna also changed its corporate name to Sumitomo Electric Device Innovations Inc., while Excelight Communications Inc., the overseas sales base for optical and electronic devices, has changed its corporate name to Sumitomo Electric Device Innovations USA Inc. and integrated the business with Eudyna Devices USA.
Eudyna was established on 1 April 2004 as a 50-50 joint venture between Sumitomo Electric and Fujitsu Ltd. On 1 April 2009 Sumitomo Electric acquired the remaining 50 per cent of Eudyna stocks from Fujitsu, prompting the decision to combine the two companies’ managerial resources and utilise them effectively.
Sumitomo Electric will succeed Eudyna’s sales and marketing, strategic planning and research and development of the entire optical and electronic device business, while Eudyna, under its new name, will assume product development, manufacturing, sales engineering, quality assurance and purchasing (Japanese domestic procurement only) activities.
The restructuring is also intended to gear up Sumitomo Electric to meet more sophisticated and diversified needs for technology development and achieve synergy in its electronic device related study and network related product development.