Panasonic System Networks Suzhou Co.

Panasonic Sells Off Security Businesses

Panasonic Corporation announced that it will establish a new company to operate its security systems business in Japan and overseas and that it has reached an agreement for strategic co-investment with Polaris Capital Group Co., Ltd. A decision was approved at a board of directors meeting. The Security Systems Business Division, which is part of Panasonic’s Connected Solutions Company, has a roughly 60-year history of developing security cameras and advanced edge devices