NEC Corporation (NEC; TSE: 6701) today announced a decision to acquire all shares in NEC TOSHIBA Space Systems Ltd. (NTSpace), a joint venture established in partnership with Toshiba Corporation in 2001. Shares are due to be acquired from Toshiba on March 31, 2015.
As one of its core businesses, NEC provides space solutions that cover everything from satellite systems and terrestrial satellite operation and control systems, to systems for utilizing satellite data.
