KANAGAWA, JAPAN – The Kyoden Co. will acquire all shares in the PCB subsidiary of the Airex Co. for 300 million yen (US$2.957 million) on July 1.

Airex will sell its printed circuit board business to Kyoden, which will purchase the 2,000 shares of the subsidiary's common stock.

Upon the completion of the transaction, Kyoden will hold a 100% stake in the subsidiary, and will rename the new subsidiary Kyoden Fine Tech.